Exam (elaborations) FIN2603 - Finance For Non-Financial Managers (FIN2603) Finance for Nonfinancial Managers, Second Edition (Briefcase Books Series), ISBN: 9780071824361

9/20/22, 4:23 PM Assessment 2: Attempt review

Started on Tuesday, 20 September 2022, 3:28 PM
State Finished
Completed on Tuesday, 20 September 2022, 4:22 PM
Time taken 53 mins 36 secs


Question 1
Complete

Marked out of 1.00




Calculate the future value (FV) of R10 000 invested for 5 years at an interest rate of 7%, interest compounded semi-annually.


a. R16 234
b. R14 026
c. R14 106
d. R14 900




Question 2
Complete
Marked out of 1.00




Calculate the growth rate of the following stream of cash flows:
Year Cash flow
2013 R 1 700
2012 R 1 400
2011 R 1 200
2010 R 1 000


a. 19%
b. 14%
c. 13%
d. 23%




Question 3
Complete

Marked out of 1.00




Calculate the present value (PV) of R100 000 received 9 years from today at an interest rate of 12%.


a. R27 895
b. R37 980
c. R43 998
d. R36 061




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