Exam (elaborations)
DSC1630 Assignment 3 Semester 2 2023
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DSC1630 Assignment 3 Semester 2 2023
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DSC1630 Assignment3 Semester 2, 2023
Unique No: 613664
FOR ASSISTANCE
CONTACT:
061 583 0794
, Started on Thursday, 3 August 2023, 2:15 PM
State Finished
Completed on Thursday, 3 August 2023, 3:29 PM
Time taken 1 hour 14 mins
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
Question text
If S=P(1+i)n�=�(1+�)� and P=R[(1+i)n−1i(1+i)n]�=�[
(1+�)�−1�(1+�)�] , then S also equals
a.Rsn¬i���¬�.
b.(1+i)Rsn¬i(1+�)���¬�.
c.(1+i)Ran¬i(1+�)���¬�.
d.(1+i)(1+jmm)tm(1+�)(1+���)��.
Question 2
Complete
, Mark 1.00 out of 1.00
Question text
Questions 2 and 3 are based on the following situation:
Samuel buys a house and makes a down payment of 16% of the
price of the house. For the remaining amount, he manages to
secure a loan at an interest rate of 12,05% per year, compounded
monthly, for a period of 20 years. His monthly payment is R18
556,84.
The size of the loan (to the nearest rand) is
a.R1 680 000.
b.R1 333 820.
c.R4 453 642.
d.R2 167 317.
Question 3
Complete
Mark 1.00 out of 1.00
Question text
Questions 2 and 3 are based on the following situation:
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