100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
QMI1500 Assignment 03 Semester 01 2022 Solutions (incl Sharp & HP calculator steps) $2.87   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. QMI1500 - Elementary Quantitative Methods (QMI1500)

Other

QMI1500 Assignment 03 Semester 01 2022 Solutions (incl Sharp & HP calculator steps)
 42 views  0 purchase
  • Course
  • QMI1500 - Elementary Quantitative Methods (QMI1500)
  • Institution
  • University Of South Africa (Unisa)

This document includes the assignment questions, answers and workings including Sharp & HP calculator steps where applicable.

Preview 2 out of 26  pages

Document information

  • March 2, 2022
  • 26
  • 2021/2022
  • Other
  • Unknown

Subjects

  • qmi
  • qmi1500
  • qmi1500 assignment 3
  • qmi1500 2022
  • 746491
  • curwin has r3 003 650
  • compounded half
  • qmi1500 assignment 3 semester 1 2022
  • 00 saved for his retirement his account earns 8
  • 4 interest per annum

Written for

  • University of South Africa (Unisa)
  • QMI1500 - Elementary Quantitative Methods (QMI1500)
All documents for this subject (193)

Seller

avatar-seller
aj107

Reviews received

Content preview

QMI1500
Elementary Quantitative Methods
Department of Decision Sciences
Assignment 03 for Semester 01 2022 (compulsory)
Unique Number: 746491
DUE DATE: 28 March 2022




Important:

• This is a multiple-choice assignment that must be answered and submitted ONLINE.
• Always keep your detailed workings in a file to be able to compare your solutions to the ones
that will be published on the QMI1500 module site after the due date. Also, keep a copy of
the options you have chosen, in case of a query.
• The due date of this assignment is fixed. No extension can be granted because the solutions
will be posted on the QMI1500 module site shortly after the closing date.

Question 1

Aziz is planning to attend college when she graduates from high school four years from now. She
has made an arrangement with her father to do the household chores if her dad deposits R3
570,00 at the end of every six months for the next four years in a bank account. The account
pays 8,5% interest per annum, compounded semi-annually. Her father pays and additional R5
550,00 into the account for every R3 570,00 deposit he makes. The first deposit will be made six
months from now. How much money will there be in the account for Aziz to pay for her college
expenses?

[1] R84 786,00.
[2] R60 773,69.
[3] R51 596,74.
[4] R12 723,40.

, Answer:

Payment = 5 550 + 3 570 = 9 120

Using the Sharp EL-738F calculator:




Using an HP calculator:

¬ CLR ALL

9 120 ± PMT

8,5 I/YR

2 ¬ P/YR

4 ¬ × P/YR

N=8

Press FV = 𝑅84 786,00

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller aj107. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.87. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.87
  • (0)
  Add to cart