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Exam (elaborations)

DSC1630 Assignment 3 2024 - Due 3 Sept 2024

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DSC1630 Assignment 3 2024

Institution
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Institution
Course

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Uploaded on
August 17, 2024
Number of pages
8
Written in
2024/2025
Type
Exam (elaborations)
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QUIZ
Official study material Quiz navigation
Assessment 3
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Announcements
Question T Quarterly payments of R7 000 are made into an account earning 6,57% per year, compounded monthly. The
Assessment 1 Not yet Finish attempt
accumulated amount after 12 years is
answered
Assessment 2
Marked out of
O a R12209512
Assessment 3 ) 100

Flag question 0 b. R336 000,00
Assessment 4 O c R231205.73

Assessment 5 @d. R506 569,30


• Additional Resources

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V Assessments »o
V E-tutors

V Lessons 7




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Question Z Cyril buys a house and makes a down payment of 35% of the price of the house. He manages to secure a loan at an
Answer saved interest rate of 13,25% per year, compounded monthly, for a period of 20 years. His monthly payment is R10 437,26
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Marked out of The size of the down payment (to the nearest rand) is
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Prescribed material


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Quiz nav
Official study material Assessment 3
Logs


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Welcome Message

Announcements
Question d Cyril buys a house and makes a down payment of 35% of the price of the house. He manages to secure a loan at an
Assessment 1 Answer saved interest rate of 1325% per year, compounded monthly, for a period of 20 years. His monthly payment is R10 43726. Finish atte
Marked out of
If an average yearly inflation rate of 5,57% is expected, then the real cost (to the nearest rand) of the loan (the
Assessment 2 1.00
difference between the total value of the loan and the actual principal borrowed) is

Assessment 3 ) f Elag.question

0 a. R877 500.
Assessment 4
0 b R1 350 000.

Assessment 5
0 c. R631 108.

Additional Resources @ d. R1 508 608

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Question 4 The last six payments of a loan are reflected in the following amortisation schedule
scribed material
Not yet
Outstanding principal at Quiz navigation
answered Interest due at the end
cial study material Principal repaid
Month the beginning of the Payment
Marked out of of the month
1 00 month
s
175 49 694,10 422,40 8 530,49 8108,09

me Message 176 A 353,48 8 530,49 F

177 33 409,01 C 8 530,49 G
ncements
178 25 162,50 D 8 530,49 8 316,61
sment 1 Finish attempt
179 B 143,19 8 530,49 H

sment 2 180 8 458,59 E 8 530,49 I

sment 3 ) The applicable interest rate per year (compounded monthly) is
sment 4

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