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DSC 1630 ASSIGNMENT 3 SEMSTER 2 2023
- Course
- DSC 1630 (DSC1630)
- Institution
- University Of South Africa (Unisa)
Get solutions for DSC 1630 semester 2 2023
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Question 1If S=P(1+i)n and P=R[(1+i)n−1i(1+i)n] , then S also equals
a.
Rsn¬i
.
b.
(1+i)Rsn¬i
.
c.
(1+i)Ran¬i
.
d.
(1+i)(1+jmm)tm
.
Question 2
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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
Flag question
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 down payment is
a.
R268 800.
b.
R254 061.
c.
R346 771.
d.
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