2025 – S1 - FIN2603 – ASSESSMENT 2 – Q&A
QUIZ
Assessment 2
Started on Tuesday, 29 April 2025,
State Finished
Completed on Tuesday, 29 April 2025,
Time taken
Marks 26.00/26.00
Grade 100.00 out of 100.00
Question 1
At what annual interest rate must a single amount of R5 000 be invested for 5 years
to yield approximately R7 500?
a.
7.20%
b.
8.45%
c.
9.86%
d.
10.76%
Question 2
Calculate the difference between the following two investment proposals.
(a) R1 401.82 invested annually for five successive years at 9% per annum.
(b) R5 209.22 invested for five years at 10% per annum compound interest.
a.
R 80.25
b.
R100.35
c.
R 36.10
1
, 2025 – S1 - FIN2603 – ASSESSMENT 2 – Q&A
d.
R0
Question 3
Calculate the future value (FV) of R15 000 invested for six years at an interest rate of
8%, compounded monthly.
a.
R24 260
b.
R26 734
c.
R23 803
d.
R14 026
Question 4
Calculate the growth rate of the following stream of cash flows:
YEAR CASH FLOW
2024 R 3 600
2023 R 3 000
2022 R 1 900
2021 R 1 000
a.
23%
b.
43%
c.
26%
d.
53%
2
QUIZ
Assessment 2
Started on Tuesday, 29 April 2025,
State Finished
Completed on Tuesday, 29 April 2025,
Time taken
Marks 26.00/26.00
Grade 100.00 out of 100.00
Question 1
At what annual interest rate must a single amount of R5 000 be invested for 5 years
to yield approximately R7 500?
a.
7.20%
b.
8.45%
c.
9.86%
d.
10.76%
Question 2
Calculate the difference between the following two investment proposals.
(a) R1 401.82 invested annually for five successive years at 9% per annum.
(b) R5 209.22 invested for five years at 10% per annum compound interest.
a.
R 80.25
b.
R100.35
c.
R 36.10
1
, 2025 – S1 - FIN2603 – ASSESSMENT 2 – Q&A
d.
R0
Question 3
Calculate the future value (FV) of R15 000 invested for six years at an interest rate of
8%, compounded monthly.
a.
R24 260
b.
R26 734
c.
R23 803
d.
R14 026
Question 4
Calculate the growth rate of the following stream of cash flows:
YEAR CASH FLOW
2024 R 3 600
2023 R 3 000
2022 R 1 900
2021 R 1 000
a.
23%
b.
43%
c.
26%
d.
53%
2
