FIN2602
Assignment 2 Semester 1 2026
Unique number:
Due Date: April 2026
This document includes:
Helpful answers and guidelines
Detailed explanations and/ or calculations
References
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+27 81 278 3372
, QUESTION 1: TIME VALUE OF MONEY
1.1 Future value of a lump sum at simple interest
FV
= PV(1 + in)
= 3 000(1 + 0.10 × 15)
= R7 500
1.2
FV
= PV(1 + in)
= 1 200(1 + 0.12 × 1)
= R1 344
1.3 Amount Tornado Tower will have after two years
FV
= PV(1 + in)
= 1 200(1 + 0.12 × 2)
= 1 200(1.24)
= R1 488
1.4 Future value of an annuity at compound interest
© Study Shack 2026. All rights Reserved +27 81 278 3372
Assignment 2 Semester 1 2026
Unique number:
Due Date: April 2026
This document includes:
Helpful answers and guidelines
Detailed explanations and/ or calculations
References
Connect with the tutor on
+27 81 278 3372
, QUESTION 1: TIME VALUE OF MONEY
1.1 Future value of a lump sum at simple interest
FV
= PV(1 + in)
= 3 000(1 + 0.10 × 15)
= R7 500
1.2
FV
= PV(1 + in)
= 1 200(1 + 0.12 × 1)
= R1 344
1.3 Amount Tornado Tower will have after two years
FV
= PV(1 + in)
= 1 200(1 + 0.12 × 2)
= 1 200(1.24)
= R1 488
1.4 Future value of an annuity at compound interest
© Study Shack 2026. All rights Reserved +27 81 278 3372
