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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
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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
1.00
uncements
Flag. stiou
0 a. R527 959
ssment 1 Finish att
0 b. R876 730
ssment 2
O c R307 125
ssment 3 ] @d. R472 500
ssment 4
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ssment 5
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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
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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
Oa 5.20%
sment 5
@lb 10.20%
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0 c 4,95%
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Od 8.50%
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