Exam (elaborations)
Introductory To Financial Mathematics Department of Decision Sciences DSC1630 Assignment 1 Semester 1 2022 Solutions. GUARANTEED DISTINCTION. 2024 LATEST UPDATE.
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QUESTION 1 Patric borrows money from Zanele at a simple discount rate of 9,75% per annum. He must pay him R35 000 in 27 months’ time. The amount of money that he receives from Zanele now is [1] R27 321,88. [2] R44 835,87. [3] R28 389,51. [4] R42 678,13. Answer:
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