MAC2602
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 18 March 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
UNISA 2025 MAC2602-25-S1 WELCOME TO MAC2602 - SEMESTER 1 - 2025 Assessment 1
QUIZ
Friday, 14 March 2025, 10:50 AM
Finished
Friday, 14 March 2025, 11:31 AM
44 mins 17 secs
50.00/50.00
100.00 out of 100.00
Correct
Mark 3.00 out of 3.00
You decided to save your spare cash that you estimated that you will have available at the end of each year for the next four
years. You estimated that you will have R5 000 available in Year 1; R6 000 in Year 2; R4 000 in Year 3 and R5 000 in Year 4. You
will invest these estimated amounts at a bank that allows 10% compound interest to be earned. Calculate the Present value of
your future income from this investment? Set your calculator on four decimal places and round your �nal answer to the
nearest rand. If slight rounding differences occur - choose the alternative that is closest to your answer.
(a) R15 924
(b) R17 517
(c) R17 434
(d) R22 000
Select one:
a. R17 434
b. R15 924
c. R17 517
d. R22 000
1 of 12 2025/03/10, 11
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, Correct
Mark 3.00 out of 3.00
Which Table and interest rate factor should Litha u se to determine the value at the end of three years of her investment of
R 2 5 0 0 0 t h a t s h e i n ve s t e d to d ay a t 8 % ( c o m p o u n d e d i n t e re s t ) ?
(a) Table D – 3,2464
(b) Table C – 1,2597
(c) Table A – 0,794
(d) Table B – 2,577
Select one:
a. Table D – 3,2464
b. Table A – 0,794
c. Table C – 1,2597
d. Table B – 2,577
Correct
Mark 3.00 out of 3.00
A company takes out a bank loan of R110 000 at 8% per annum on the 1st of January. The loan agreement states that the
company will pay back the loan (capital and interest) over 3 years in equal quarterly payments. What will the payment for each
quar ter be if you apply either the correct equation, mathematical formula, or �nancial calculator. Set your calculator at four
decimals and round the �nal answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is
closest to your answer.
(a) R 42 685
(b) R 33 884
(c) R 10 402
(d) R139 594
Select one:
a. R 33 884
b. R 42 685
c. R139 594
d. R 10 402
2 of 12 2025/03/10, 11
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Distribution of this document is illegal R13,625 per year?
, Correct
Mark 3.00 out of 3.00
Betty obtained a loan of R250 000 to fund her new small business venture. According to the loan agreement the loan must be
repaid over the next six years, payable quarterly at an interest rate of 8% per annum. Calculate the quar terly repayment
amount due by Betty by using the mathematical formula or �nancial calculator? Set your calculator to four decimal places
for calculations and round the �nal answer to the nearest rand. Slight rounding differences may occur depending on which
method was used, choose the option closest to your answer.
(a) R17 674
(b) R13 218
(c) R54 079
(d) R26 638
Select one:
a. R17 674
b. R26 638
c. R13 218
d. R54 079
Correct
Mark 3.00 out of 3.00
You always had this dream to one day experience a white Christmas. You decided to save to go on this overseas holiday six
years from now. You estimated that you would have to pay R60 000 for this overseas holiday. Calculate the amount that you
w i l l n e e d t o i n v e s t e v e r y y e a r a t a c o m p o u n d i n t e r e s t ra t e o f 7 % p e r a n n u m t o h a v e t h e a m o u n t o f R 6 0 0 0 0 a f t e r s i x y e a r s ?
Set your calculator to four decimal places for calculations and round the �nal answer to the nearest rand. Slight rounding
differences may occur - choose the alternative that is closest to your answer.
(a) R8 388
(b) R2 799
(c) R9 826
(d) R7 148
Select one:
a. R9 826
b. R8 388
c. R7 148
d. R2 799
3 of 12 2025/03/10, 11
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Distribution of this document is illegal R13,625 per year?
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 18 March 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
BOOK WRITTEN AND EXAM ON WHATSAPP 0645167275
UNISA 2025 MAC2602-25-S1 WELCOME TO MAC2602 - SEMESTER 1 - 2025 Assessment 1
QUIZ
Friday, 14 March 2025, 10:50 AM
Finished
Friday, 14 March 2025, 11:31 AM
44 mins 17 secs
50.00/50.00
100.00 out of 100.00
Correct
Mark 3.00 out of 3.00
You decided to save your spare cash that you estimated that you will have available at the end of each year for the next four
years. You estimated that you will have R5 000 available in Year 1; R6 000 in Year 2; R4 000 in Year 3 and R5 000 in Year 4. You
will invest these estimated amounts at a bank that allows 10% compound interest to be earned. Calculate the Present value of
your future income from this investment? Set your calculator on four decimal places and round your �nal answer to the
nearest rand. If slight rounding differences occur - choose the alternative that is closest to your answer.
(a) R15 924
(b) R17 517
(c) R17 434
(d) R22 000
Select one:
a. R17 434
b. R15 924
c. R17 517
d. R22 000
1 of 12 2025/03/10, 11
Downloaded by: deltamnandi | Want to earn
Distribution of this document is illegal R13,625 per year?
, Correct
Mark 3.00 out of 3.00
Which Table and interest rate factor should Litha u se to determine the value at the end of three years of her investment of
R 2 5 0 0 0 t h a t s h e i n ve s t e d to d ay a t 8 % ( c o m p o u n d e d i n t e re s t ) ?
(a) Table D – 3,2464
(b) Table C – 1,2597
(c) Table A – 0,794
(d) Table B – 2,577
Select one:
a. Table D – 3,2464
b. Table A – 0,794
c. Table C – 1,2597
d. Table B – 2,577
Correct
Mark 3.00 out of 3.00
A company takes out a bank loan of R110 000 at 8% per annum on the 1st of January. The loan agreement states that the
company will pay back the loan (capital and interest) over 3 years in equal quarterly payments. What will the payment for each
quar ter be if you apply either the correct equation, mathematical formula, or �nancial calculator. Set your calculator at four
decimals and round the �nal answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is
closest to your answer.
(a) R 42 685
(b) R 33 884
(c) R 10 402
(d) R139 594
Select one:
a. R 33 884
b. R 42 685
c. R139 594
d. R 10 402
2 of 12 2025/03/10, 11
Downloaded by: deltamnandi | Want to earn
Distribution of this document is illegal R13,625 per year?
, Correct
Mark 3.00 out of 3.00
Betty obtained a loan of R250 000 to fund her new small business venture. According to the loan agreement the loan must be
repaid over the next six years, payable quarterly at an interest rate of 8% per annum. Calculate the quar terly repayment
amount due by Betty by using the mathematical formula or �nancial calculator? Set your calculator to four decimal places
for calculations and round the �nal answer to the nearest rand. Slight rounding differences may occur depending on which
method was used, choose the option closest to your answer.
(a) R17 674
(b) R13 218
(c) R54 079
(d) R26 638
Select one:
a. R17 674
b. R26 638
c. R13 218
d. R54 079
Correct
Mark 3.00 out of 3.00
You always had this dream to one day experience a white Christmas. You decided to save to go on this overseas holiday six
years from now. You estimated that you would have to pay R60 000 for this overseas holiday. Calculate the amount that you
w i l l n e e d t o i n v e s t e v e r y y e a r a t a c o m p o u n d i n t e r e s t ra t e o f 7 % p e r a n n u m t o h a v e t h e a m o u n t o f R 6 0 0 0 0 a f t e r s i x y e a r s ?
Set your calculator to four decimal places for calculations and round the �nal answer to the nearest rand. Slight rounding
differences may occur - choose the alternative that is closest to your answer.
(a) R8 388
(b) R2 799
(c) R9 826
(d) R7 148
Select one:
a. R9 826
b. R8 388
c. R7 148
d. R2 799
3 of 12 2025/03/10, 11
Downloaded by: deltamnandi | Want to earn
Distribution of this document is illegal R13,625 per year?
