12:33 B 2 ill4G+ ll
Assessment1
Not yet answered
Question1 Marked outof1.00
The bank charges a nominal interest
rate is16,5%per
annum, compounded at theend of every second
month.The equivalent
effective
interestrate is
a. 17,18%.
b. 14,53%.
C. 17,68%.
d. 16,18%.
CLEAR MY CHCE
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, 12:33 B e2 .l
4G+.l
Assessment1
Not yet answered
Question2 Marked outof1.00
Joseph'sparents
Having receiveda largeinheritance,
wishto establisha trust
forhisuniversity
education.
They need an estimatedR70 000, 15 yearsfrom now.
The amount theyshouldsetasideinthe trust now,if
they investthemoney at 18,5%peryear compounded
is
quarterly,
a R4 738,38.
b. R28 528,26.
c. R4 644,83.
d. R35 527,61.
CLEAR MY CHOICE
PREVIOUS NEXT
Assessment1
Not yet answered
Question1 Marked outof1.00
The bank charges a nominal interest
rate is16,5%per
annum, compounded at theend of every second
month.The equivalent
effective
interestrate is
a. 17,18%.
b. 14,53%.
C. 17,68%.
d. 16,18%.
CLEAR MY CHCE
NEXT
, 12:33 B e2 .l
4G+.l
Assessment1
Not yet answered
Question2 Marked outof1.00
Joseph'sparents
Having receiveda largeinheritance,
wishto establisha trust
forhisuniversity
education.
They need an estimatedR70 000, 15 yearsfrom now.
The amount theyshouldsetasideinthe trust now,if
they investthemoney at 18,5%peryear compounded
is
quarterly,
a R4 738,38.
b. R28 528,26.
c. R4 644,83.
d. R35 527,61.
CLEAR MY CHOICE
PREVIOUS NEXT
