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QMI1500 ASSIGNMENT 3 FOR 2ND SEMESTER 2024

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2024/2025 Written for academic year
Institution University Of South Africa (Unisa)
Course Elementary Quantitative Methods (QMI1500)
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QMI1500 ASSIGNMENT 3 FOR 2ND SEMESTER 2024

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QMI1500
ASSIGNMENT 3 FOR 2ND SEMESTER 2024




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A loan of R15080,00R15080,00 is being repaid by 1414 half-yearly payments, with the first
payment made one half year after the loan is taken out. The interest rate is 9%9% per year,
compounded half-yearly. The size of each of the half-yearly payments is R1475,13R1475,13. This
is represented by the following timeline:




After four years the interest rate drops to 8,5%8,5% per year, compounded half-yearly. The size of
the new half-yearly payments, rounded to the nearest rand, is
Select one:

a.
R1463,00.R1463,00.

b.
R1871,00.R1871,00.

c.
R1451,00.R1451,00.

d.
R1142,00.R1142,00.
Clear my choice

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