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Exam (elaborations)

FIN2603 ASSIGNMENT 2

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2022/2023 Written for academic year
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University Of South Africa (Unisa)
Course
FIN2603 - Finance For Non-Financial Managers (FIN2603)
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Dashboard / My courses / FIN2603-23-S1 / General / Assessment 2

Started on Thursday, 20 April 2023, 12:40 PM
State Finished
Completed on Thursday, 20 April 2023, 2:39 PM
Time taken 1 hour 58 mins
Marks 50.00/56.00
Grade 89.29 out of 100.00


Question 1
Complete

Mark 2.00 out of 2.00




... is the interest earned on a given deposit that has become part of the sum at the end of a specified period.



a. Simple interest
b. Compound interest
c. The interest rate
d. The internal rate of return




Question 2

Complete

Mark 1.00 out of 1.00




Calculate the future value (FV) of R15 000 invested for six years at an interest rate of 8%, compounded monthly.



a. R26 734
b. R14 026
c. R23 803
d. R24 260




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