Exam (elaborations)
Mac2602 Assignment 1 Semester 1 2024
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3/14/24, 12:57 PM Assessment 1: Attempt reviewUNISA 2024 MAC2602-24-S1 Welcome Message Assessment 1
QUIZ
Started on Thursday, 14 March 2024, 12:29 PM
State Finished
Completed on Thursday, 14 March 2024, 12:57 PM
Time taken 27 mins 52 secs
Marks 46.00/50.00
Grade 92.00 out of 100.00
Question 1
Correct
Mark 3.00 out of 3.00
During COVID-19 the employees of BOX-X Ltd all started working from home. This
trend continued even after all COVID-19 restrictions were lifted. BOX-X Ltd procured
a remote working agreement with their employees and decided to rent out their
three-story building for the next 5 years. The tenants will immediately pay R150 000
at the beginning of the rst year and then also R150 0000 at the beginning of each
of the next four years. The discount rate is 10%. Calculate the present value of the
annuity due? Set your calculator to 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) R568 618
(b) R803 250
(c) R375 000
(d) R625 480
Select one:
a. R625 480
b. R803 250
c. R568 618
d. R375 000
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15671928&cmid=852457 1/14
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