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Exam (elaborations)

DSC1630 Assignment 1 semester 2 2022

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This document contain DSC1630 assignment 1 semester 2 2022 questions and answers with step by step TRUSTED calculations

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University Of South Africa (Unisa)
Course
DSC1630 - Introductory Financial Mathematics (DSC1601)








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Institution
University of South Africa (Unisa)
Course
DSC1630 - Introductory Financial Mathematics (DSC1601)
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Uploaded on
August 1, 2022
Number of pages
11
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • dsc1630
  • semester 2 2022
  • assignment 1
  • 2022

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ANSWER
10,5% 52𝑛
30 835.42 = 25 000 (1 + )
52

30 835.42 0.105
Inቀ 25 000
ቁ = 52In ቀ1 + 52
ቁ

𝑛 = 1.99 ≈ 2 𝑦𝑒𝑎𝑟𝑠
𝐼𝑛 𝑤𝑒𝑒𝑘𝑠, 2 𝑦𝑒𝑎𝑟𝑠 = 52 × 2 = 104 𝑤𝑒𝑒𝑘𝑠
𝑇ℎ𝑒 𝑎𝑛𝑠𝑤𝑒𝑟 𝑖𝑠 𝐵. 104 𝑤𝑒𝑒𝑘𝑠




ANSWER

Effective interest rate per period
𝑟
𝑖 = (1 + 𝑚)𝑚 − 1
$3.22
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