Exam (elaborations)
Fin2603 Assignment 2 Semester 2 2023
- Course
- Institution
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
3 reviews
By: tleroux16tlr • 1 year ago
By: sbuchristopher • 1 year ago
By: brendabanda63 • 1 year ago
By: SmartTutors • 1 year ago
Thanks for review
Seller
Follow
SmartTutors
Reviews received
Content preview
9/11/23, 6:00 PM Assessment 2: Attempt reviewUNISA 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
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 SmartTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.11. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now