Exam (elaborations)
MAC2602 assignment 1 solutions semester 1 2024 (QUIZ 20 QUESTIONS)
- Course
- Institution
MAC2602 Assignment 1 solutions semster 1 2024 Closes: Tuesday, 19 March 2024, 11:00 PM: CODE: 703790
[Show more]
2 reviews
By: banankymathe • 2 months ago
By: ipelengcfume • 7 months ago
Seller
Follow
Melindatutor
Reviews received
Content preview
MAC2602ASSIGNMENT 1 SEMESTER 1 2024
Unique Number: 703790
DUE DATE: : 19 March 2024
Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning,
comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the
contents of this document as your own work,
• Fully accept the consequences should you plagiarise
or misuse this document.
Disclaimer
Extreme care has been used to create this
document, however the contents are provided “as
is” without any representations or warranties,
express or implied. The author assumes no
liability as a result of reliance and use of the
contents of this document. This document is to
be used for comparison, research and reference
purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or
by any means.
, 0688120934
PREVIEW
Started on Saturday, 16 March 2024, 8:50 PM
State Finished
Completed on Saturday, 16 March 2024, 9:48 PM
Time taken 58 mins
Marks 40.00/50.00
Grade 80.00 out of 100.00
Question 1
Correct
Mark 3.00 out of 3.00
Flag question
Question text
Motseko would like to invest R80 000 at the end of each year at an annual compound
interest rate of 15%. Determine the value of the investment after five years by using the
mathematical formula. Set your calculator to four decimal places and round your final
answer to the nearest rand. Slight rounding differences may occur - choose the alternative
that is closest to your answer.
(a) R367 445
(b) R539 416
(c) R 53 942
(d) R 80 912
Select one:
a.
R 80 912
b.
R367 445
c.
R539 416
d.
R 53 942
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
, 0688120934
Time left 0:29:36
Question 1
Not yet answered
Marked out of 3.00
Flag question
Question text
Motseko would like to invest R80 000 at the end of each year at an annual compound
interest rate of 15%. Determine the value of the investment after five years by using the
mathematical formula. Set your calculator to four decimal places and round your final
answer to the nearest rand. Slight rounding differences may occur - choose the alternative
that is closest to your answer.
(a) R367 445
(b) R539 416
(c) R 53 942
(d) R 80 912
Select one:
a.
R 80 912
b.
R367 445
c.
R539 416
d.
R 53 942
Clear my choice
Question 2
Not yet answered
Marked out of 3.00
Flag question
Question text
You inherited money and want to invest it at the best return. After visiting a few banks for
advice, you have two options. The first option offers a rate of 3% compounded 4 monthly
and the second option offers a rate of 5% compounded bi-annually. Which option with its
matching effective annual rate is the best option? Set your calculator to four decimal places.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Melindatutor. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.82. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79202 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now