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BNU1501-25-EX06C

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Tyla bought a house for R1 800 000,00. She

managed to secure a loan at an interest rate of 7,5% per year, compounded every

four months, for a period of 30 years. If the periodic payments are R50 468,56,

determine the outstanding balance at the end of 20 years.

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Calculate the accumulated amount after three

years, if R7 000,00 is invested at an interest rate of 10% compounded

quarterly.

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Murangi bought a house for R1 450 000,00 in

Pretoria, Muckleneuk. She obtained a mortgage loan at 13,27% per year,

compounded monthly, with a term of 20 years. Her monthly payment would be ____.

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A loan of R1 000 000,00 is granted for three years at a compound interest rate of 8,25% per annum compounded monthly. An extract from the amortisation table is shown below.

Determine the values of C and D.

Amortisation schedule

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Ronald saved a total amount of R165 000,00.

Every year, he deposited R28 500,00 into an account earning 6,04% interest

per year. How long did it take him to accumulate the total amount, rounded off

to the nearest year (integer)?

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Solve for in the following equation:

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Given a set of points,  and 

, and the value

of the slope

, determine the value of . 

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Which

of the following statements best defines an annuity?

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Interest is calculated using the following

formula:

where is the ____.

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Suppose you invest R12 500,00 at a simple

interest rate of 12.5% per year. What will the value of the accumulated amount be

after six years?

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