9/11/23, 6:00 PM Assessment 2: Attempt review
UNISA 2023 FIN2603-23-S2 Welcome Message Assessment 2
QUIZ
Started on Monday, 11 September 2023, 5:46 PM
State Finished
Completed on Monday, 11 September 2023, 5:59 PM
Time taken 13 mins 27 secs
Question 1
Complete
Marked out of 1.00
You invest R1 000 annually (at the end of each year) for 5 successive years in a
savings account at 9% p.a. compound interest. At the end of the fifth year you
withdraw R984, 71 and the balance is invested at 13% interest p.a., compounded
semi-annually for four years. The end value of the investment is closest to ...
a. R8 275
b. R6 655
c. R5 000
d. R9 655
Question 2
Complete
Marked out of 1.00
What amount must be invested annually (at the beginning of each year) for 5
successive years at 8% p.a. compounded interest in order to yield R500 000?
a. R82 047.05
b. R89 383.21
c. R92 000.44
d. R78 915.03
Question 3
Complete
Marked out of 1.00
If John invests R50 000 in a unit trust offering a rate of return of 17% per annum,
calculate how long it will take for the investment to reach R200 000.
a. 13 years
b. 11 years
c. 9 years
d. 10 years
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13233726&cmid=623266 1/9
, 9/11/23, 6:00 PM Assessment 2: Attempt review
Question 4
Complete
Marked out of 1.00
Characteristic of the industry include ...
a. All of the above
b. Competitive forces
c. Seasonal variations
d. Cyclical variations
Question 5
Complete
Marked out of 1.00
The before-tax cost of debt for a firm which has a 35% marginal tax rate is correctly
calculated at 12%. Calculate the after-tax cost of debt.
a. 12.0%
b. 7.8%
c. 9.6%
d. 8.4%
Question 6
Complete
Marked out of 1.00
What is the present value of an annuity that pays R25 000 in seven equal annual
payments assuming a discount rate of 13%?
a. R 124 938.75
b. R 80 626.52
c. R 94 385.61
d. R 110 565.26
Question 7
Complete
Marked out of 1.00
The cost of a giving up a cash discount under the terms of sale 4/10 net 30 is ...
(Assume a 360-day year)
a. 75.00%
b. 111.34%
c. 37.11%
d. 55.67%
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13233726&cmid=623266 2/9
UNISA 2023 FIN2603-23-S2 Welcome Message Assessment 2
QUIZ
Started on Monday, 11 September 2023, 5:46 PM
State Finished
Completed on Monday, 11 September 2023, 5:59 PM
Time taken 13 mins 27 secs
Question 1
Complete
Marked out of 1.00
You invest R1 000 annually (at the end of each year) for 5 successive years in a
savings account at 9% p.a. compound interest. At the end of the fifth year you
withdraw R984, 71 and the balance is invested at 13% interest p.a., compounded
semi-annually for four years. The end value of the investment is closest to ...
a. R8 275
b. R6 655
c. R5 000
d. R9 655
Question 2
Complete
Marked out of 1.00
What amount must be invested annually (at the beginning of each year) for 5
successive years at 8% p.a. compounded interest in order to yield R500 000?
a. R82 047.05
b. R89 383.21
c. R92 000.44
d. R78 915.03
Question 3
Complete
Marked out of 1.00
If John invests R50 000 in a unit trust offering a rate of return of 17% per annum,
calculate how long it will take for the investment to reach R200 000.
a. 13 years
b. 11 years
c. 9 years
d. 10 years
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13233726&cmid=623266 1/9
, 9/11/23, 6:00 PM Assessment 2: Attempt review
Question 4
Complete
Marked out of 1.00
Characteristic of the industry include ...
a. All of the above
b. Competitive forces
c. Seasonal variations
d. Cyclical variations
Question 5
Complete
Marked out of 1.00
The before-tax cost of debt for a firm which has a 35% marginal tax rate is correctly
calculated at 12%. Calculate the after-tax cost of debt.
a. 12.0%
b. 7.8%
c. 9.6%
d. 8.4%
Question 6
Complete
Marked out of 1.00
What is the present value of an annuity that pays R25 000 in seven equal annual
payments assuming a discount rate of 13%?
a. R 124 938.75
b. R 80 626.52
c. R 94 385.61
d. R 110 565.26
Question 7
Complete
Marked out of 1.00
The cost of a giving up a cash discount under the terms of sale 4/10 net 30 is ...
(Assume a 360-day year)
a. 75.00%
b. 111.34%
c. 37.11%
d. 55.67%
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13233726&cmid=623266 2/9
