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Course 35595
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The Three Wheel Fund set aside an amount of R1 500 000
now for Johny Oneleg, to be paid out to him in whatever way he pleases. He wants to receive three equal payments: one now, one four years from now, and one eight years from now. If an interest rate of 19% per year, compounded quarterly, is applicable, then the amount of money that Johny Oneleg will receive four years from now, equals approximatelyQuestions are sequential. You cannot go back to any question once you've clicked "Next Page".
The equation for the present value of Stock 123 on 1 November 2020 is given by
The fraction of the half year to be discounted back is and the accrued interest is R5,31616%. The clean price of Stock 123 equals
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Gloria intends to start her Sew-and-Go shop at the new shopping centre that will open its doors on 25 October 2025. On 6 February 2025 she deposited R50 000 into an account that earns 8,9% per year compounded every two months, starting at the beginning of the year. If fractional compounding is used for the whole period, then the amount that Gloria will have available when the shopping centre opens will equal
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Lerato took out a student loan to help pay for her last year at university and received R12 600. She had to repay R15 000 after two years. The simple discount rate applicable per year was
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A debt of R600 000 will be discharged from a sinking fund after seven years. The debt's interest is 17,3% per year, paid quarterly. The sinking fund, will earn interest at a rate of 9,25% per year, compounded monthly. The monthly deposit into the sinking fund will be R5 104,75. Calculate the total yearly cost to discharge the debt (to the nearest rand).
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If R45 000 accumulates to R54 000 at a continuous rate of 6,63%, then the time under consideration is
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Phia needs R5 000 urgently. She goes to the bank and borrows the money at an interest rate of 28% per year, compounded monthly. The amount of money that Phia will have to pay the bank back in fifteen months’ time is
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You are planning to rent a flat for R13 500 per month, paid in advance. The agency requires you to pay the present value of the first year’s monthly payments, in advance, in a lump sum. An interest rate of 12,35% per year, compounded monthly, is applicable. What is the LUMP SUM that you must pay at the beginning of the contract for the first year's rent?
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What is the positive square root of the variance called?
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If R6 500 were invested at a simple interest rate of 16,9% per year, the accumulated sum after 120 days is