Question 1 Mabel borrowed an amount of money from her father. The loan will be paid back by means of payments of R25 000

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Question 1 Mabel Borrowed An Amount Of Money From Her Father The Loan Will Be Paid Back By Means Of Payments Of R25 000 1 (122.84 KiB) Viewed 24 times

Question 1 Mabel borrowed an amount of money from her father. The loan will be paid back by means of payments of R25 000 each every second month for six years. An interest rate of 7,5% per year, compounded every two months, will be applicable. The amount of the loan is [1] R238 067,35. [2] R721 181,68. R900 000,00 [3] [4 R1127 887,64 Questions 2 and 3 are based on the following situation: The Boring Fund must pay Daniel an old boxer, R18 000 every three months indefinitely as compensation. Money is worth 11,4% per year, compounded quarterly. Question 2 The opening balance of this fund is approximately [1] R474 536. 2] R157 895. [3] R631 579. R1 105351. 12 DSC1630/ Ass1-4 Question 3 Daniel asks to reschedule the compensation in three payments, the first payment now, the second payment twice the size of the first payment four years from now, and the third payment three times the size of the first payment nine years from now. The Boxing Fund agrees on condition that the interest rate changes to 10,95% per year, compounded monthly. The amount to the nearest hundred rand that Daniel can expect to receive four years from now is R864 000. [1] [2] [3] [4 R557 510. R184800. R369 600. Question 4 The present value of an annuity is R62 543,42. The time under consideration is 10 years and the applicable interest rate is 16% per year, compounded monthly. The future value of this annuity is [1] [2] [3] R162 612,89 R1333517,61. R306 521,61. R581 913,00