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Dsc1630 Assignment 2 semester 1 2023

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DSC1630 - Introductory Financial Mathematics (DSC1630)
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2/16/23, 3:19 PM Assessment 2 (page 1 of 15)




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Question 1
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A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount that should be deposited now so that
R250 can be withdrawn at the end of every six months for the next ten years is



A. R3 144,47.

B. R6 386,16.

C. R1 930,43.

D. R3 897,29.

Clear my choice




◄ Assessment 1

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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6704201&cmid=592117 1/1

, 2/16/23, 3:21 PM Assessment 2 (page 2 of 15)




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Dashboard / My courses / DSC1630-23-S1 / Welcome Message / Assessment 2

Question 2
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Alice decides to invest R140 000 into an account earning 13,5% interest per year, compounded quarterly. This new account allows her to
withdraw an amount of money every quarter for ten years after which time the account will be exhausted. The amount of money that Alice
can withdraw every quarter is



A. R3 500,00.

B. R1 704,28.

C. R6 429,28.

D. R8 594,82.

Clear my choice




◄ Assessment 1

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Assessment 3 ►




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6704201&cmid=592117&page=1 1/1

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