DSC1630 ASSIGNMENT 2 SEMESTER 2 2022. Introductory Financial Mathematics. Xander decides that he would like to buy his lovely wife Lesedi a new car when she turns 30
in six years' time. He deposits R6 000 at the beginning of each month into an account earning
8,94% interest per year, compounded m...
1. Xander decides that he would like to buy his lovely wife Lesedi a new car when she turns 30
in six years' time. He deposits R6 000 at the beginning of each month into an account earning
8,94% interest per year, compounded monthly. The amount that Xander (rounded to the
nearest rand) will have available six years from now is?
2. Mary invested R40 000 in order to have R56 000 available in 30 months' time. The yearly
interest rate, compounded semi-annually, is?
3. If you invest R12 000 at a continuous rate of 16,5% per annum, for a period of five years, the
accumulated amount is?
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