100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (234683) - DUE 5 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. R46,75   Add to cart

Exam (elaborations)

DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (234683) - DUE 5 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

 12 views  0 purchase

DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (234683) - DUE 5 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

Preview 2 out of 13  pages

  • August 6, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (60)
avatar-seller
MasterVincent
, DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2
2024 (234683) - DUE 5 September 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
Question 1 Complete Mark 1.00 out of 1.00 Question 2
Complete Mark 1.00 out of 1.00 QUIZ Quarterly payments of
R7 000 are made into an account earning 6,57% per year,
compounded monthly. The accumulated amount after 12 yearsis
a. R122 095,12. b. R336 000,00. c. R231 205,73. d. R506
569,30. Cyril buys a house and makes a down payment of 35%
of the price of the house. He manages to secure a loan at an
interest rate of 13,25% peryear, compounded monthly, for a
period of 20 years. His monthly payment is R10 437,26. The
size of the down payment (to the nearest rand) is a. R527 959. b.
R472 500. c. R307 125. d. R876 730. Question 3 Complete
Mark 1.00 out of 1.00 Question 4 Complete Mark 1.00 out of
1.00 Cyril buys a house and makes a down payment of 35% of
the price of the house. He manages to secure a loan at an interest
rate of 13,25% peryear, compounded monthly, for a period of 20
years. His monthly payment is R10 437,26. If an average yearly
infl ation rate of 5,57% is expected, then the real cost (to the
nearest rand) of the loan (the difference between the total
valueof the loan and the actual principal borrowed) is a. R631
108. b. R1 350 000. c. R877 500. d. R1 508 608. The last six
payments of a loan are refl ected in the following amortisation
schedule. Month Outstanding principal atthe beginning of
themonth Interest due at the endof the month Payment Principal
repaid 175 49 694,10 422,40 8 530,49 8 108,09 176 A 353,48 8
530,49 F 177 33 409,01 C 8 530,49 G 178 25 162,50 D 8 530,49

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MasterVincent. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R46,75. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R46,75
  • (0)
  Buy now