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Mac2602 Assignment 1 semester 1 2024
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3/14/24, 12:57 PM Assessment 1: Attempt reviewUNISA 2024 MAC2602-24-S1 Welcome Message Assessment 1
QUIZ
Started on Thursday, 14 March 2024, 12:29 PM
State Finished
Completed on Thursday, 14 March 2024, 12:57 PM
Time taken 27 mins 52 secs
Marks 46.00/50.00
Grade 92.00 out of 100.00
Question 1
Correct
Mark 3.00 out of 3.00
During COVID-19 the employees of BOX-X Ltd all started working from home. This
trend continued even after all COVID-19 restrictions were lifted. BOX-X Ltd procured
a remote working agreement with their employees and decided to rent out their
three-story building for the next 5 years. The tenants will immediately pay R150 000
at the beginning of the rst year and then also R150 0000 at the beginning of each
of the next four years. The discount rate is 10%. Calculate the present value of the
annuity due? Set your calculator to four decimal places and round your nal answer
to the nearest rand. If slight rounding differences occur - choose the alternative that
is closest to your answer.
(a) R568 618
(b) R803 250
(c) R375 000
(d) R625 480
Select one:
a. R625 480
b. R803 250
c. R568 618
d. R375 000
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15671928&cmid=852457 1/14
, 3/14/24, 12:57 PM Assessment 1: Attempt review
Question 2
Correct
Mark 3.00 out of 3.00
You are looking into possible investment opportunities. You found a nancial
institution that has an investment option for a xed deposit at a quoted nominal rate
of 8,0% per annum. Interest will be earned on a quarterly basis. Calculate the
effective interest rate of this investment option? Set your calculator to four decimal
places for calculations and round the nal answer to two decimal places. Slight
rounding differences may occur - choose the alternative that is closest to your
answer.
(a) 36,05%
(b) 8,24%
(c) 9,60%
(d) 4,04%
Select one:
a. 9,60%
b. 4,04%
c. 8,24%
d. 36,05%
Question 3
Correct
Mark 3.00 out of 3.00
You invested R30 000 for six years at 1% interest per quarter. Simple interest
applies. Calculate the value of this investment after six years. Set your calculator to
four decimal places and round your nal answer to the nearest rand. Slight rounding
differences may occur - choose the alternative that is closest to your answer.
(a) R35 400
(b) R31 800
(c) R51 600
(d) R37 200
Select one:
a. R35 400
b. R51 600
c. R37 200
d. R31 800
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15671928&cmid=852457 2/14
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