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DSC_1630 Assignment 2 2022.
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DSC_1630 Assignment 2 2022. Mabe borrowed an amount of money from his father. The loan will be paid back by means of payments of R25 000 each every second month for six years. An interest rate of 7,5% per year, compounded every two months, will be applicable. The amount of the loan is [1] R9...

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  • May 18, 2023
  • 19
  • 2021/2022
  • Exam (elaborations)
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DSC_1630 Assignment 2 2022

Mabe borrowed an amount of money from his father. The loan will be paid back by means of
payments of R25 000 each every second month for six years. An interest rate of 7,5% per
year, compounded every two months, will be applicable. The amount of the loan is

[1] R900 000,00.

[2] R1 127 887,64.

[3] R400 738,72.

[4] R238 067,35.

[5] R721 181,68.




2

,Question 2

The opening balance of this fund is approximately

[1] R474 536.

[2] R157 895.

[3] R1 105 351.

[4] R631 579.

[5] none of the above.




3

, Question 3

James asks to reschedule the compensation in three payments, the first payment now, the
second payment twice the size of the first payment four years from now, and the third
payment three times the size of the first payment nine years from now. The Boxing Fund
agrees on condition that the interest rate changes to 10,95% per year, compounded
monthly. The amount to the nearest hundred rand that James can expect to receive four
years from now is

[1] R864 000.

[2] R184 800.

[3] R369 600.

[4] R557 510.

[5] none of the above.




4

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