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FIN2603 ASSIGNMENT 2 FOR 2024 R50,00   Add to cart

Exam (elaborations)

FIN2603 ASSIGNMENT 2 FOR 2024

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Question 1 Complete Marked out of 1.00 Flag question Question text ... is the interest earned on a given deposit that has become part of the sum at the end of a specified period. a. Simple interest b. Compound interest c. The interest rate d. The internal rate of return Questi...

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  • April 21, 2024
  • 16
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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FENDTUTORIALS
YEAR: 2024




FIN2603
ASSIGNMENT 2

,Time left 1:58:48
Question 1
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Question text
... is the interest earned on a given deposit that has become part of the sum at the end of a specified
period.


a.
Simple interest

b.
Compound interest

c.
The interest rate

d.
The internal rate of return
Clear my choice

Question 2
Not yet answered
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Question text
At what annual interest rate must a single amount of R5 000 be invested for 5 years to yield
approximately R7 500?


a.
7.20%

b.
10.76%

c.
8.45%

d.
9.86%
Clear my choice

1|Page

, Question 3
Not yet answered
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Question text
Ben Johnson has arranged for a 60-day loan at an annual interest rate of 7.5% per annum. If the loan
amount is R1 000 000, how much interest will Mr Johnson pay in rand terms? (Assume a 360-day
year.)


a.
R25 000

b.
R75 000

c.
R0

d.
R12 500

Question 4
Not yet answered
Marked out of 1.00

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Question text
Calculate the difference between the following two investment proposals.
(a) R1 401.82 invested annually for five successive years at 9% per annum.
(b) R5 209.22 invested for five years at 10% per annum compound interest.


a.
R0

b.
R 80.25

c.
R100.35

d.
R 36.10
Clear my choice

2|Page

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