Exam (elaborations)
Exam (elaborations) Introductory Financial Mathematics (DSC1630)
- Institution
- University Of South Africa (Unisa)
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19/09/2023, 09:19 Assessment 2: Attempt reviewDSC1630-23-S2 Welcome Message Assessment 2
QUIZ
Started on Wednesday, 9 August
2023, 5:30 PM
State Finished
Completed on Wednesday, 9 August
2023, 5:37 PM
Time taken 6 mins 54 secs
Marks 15.00/15.00
Grade 100.00 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
A loan will be paid back by means of
payments of R250 each, every six month
for ten years. An interest rate of 5% per
year, compounded every six months, will
be applicable. The present value of the
loan is
a. R1 930,43.
b. R6 386,16.
c. R3 144,47.
d. R3 897,29.
Question 2
Complete
Mark 1.00 out of 1.00
A nominal interest rate of 19,40% per
year, compounded monthly, is equivalent
to a continuous compounding rate of
a. 21,22%.
b. 21,41%.
c. 19,56%.
d. 19,24%.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12005408&cmid=622575 1/7
, 19/09/2023, 09:19 Assessment 2: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
An amount of money accumulates to R45
946 at a continuous compounding rate of
8% per year, after 57 months. The original
amount is
a. R31 460,34.
b. R33 294,20.
c. R36 756,80.
d. R31 420,70.
Question 4
Complete
Mark 1.00 out of 1.00
An interest rate of 14,90% per year,
compounded every 3 months, is
equivalent to a weekly compounded
interest rate of
a. 15,16%.
b. 14,65%.
c. 19,02%.
d. 14,88%.
Question 5
Complete
Mark 1.00 out of 1.00
Daniel deposits R1 500 at the end of
every month into an account that earns
12,5% interest per year, compounded
monthly. After two years, he stops
making these monthly contributions
because the interest rate changes to 15%
per year, compounded every two months.
If no withdrawals or deposits are made
for four years the balance in the account
will be
a. R72 517,49.
b. R40 660,72.
c. R65 114,13.
d. R73 544,10.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12005408&cmid=622575 2/7
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