Exam (elaborations)
FIN2603 Assignment 2 semester 2 due on 30 september 2023
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This document contains the solution to FIN2603 assignment 2 due on 30 september 2023, using this document will ensure 80% plus marks.
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9/12/23, 10:57 AM Assessment 2: Attempt reviewQUIZ
Started on Tuesday, 12 September 2023, 9:47 AM
State Finished
Completed on Tuesday, 12 September 2023, 10:57 AM
Time taken 1 hour 10 mins
Question 1 Characteristic of the industry include ...
Complete
Marked out of a. Cyclical variations
1.00
b. All of the above
c. Competitive forces
d. Seasonal variations
Question 2 Mr Hamilton has arranged for a 90-day loan at an annual rate of interest of 8%. If the loan
Complete amount is R1000 000, how much interest in rand terms will Megatron pay? (Assume a 365-day
year)
Marked out of
1.00
a. R0
b. R19 726.03
c. R80 000.00
d. R20 000.00
Question 3 If you were to borrow R200 000 over three years at an annual interest rate of 8%, what would
Complete the repayment on the principle amount of the loan be in year 2?
Marked out of
1.00 a. R112 153.85
b. R 71 858.06
c. R 66 535.24
d. R 77 606.70
Question 4 The payback period should ideally be ...
Complete
Marked out of a. as short as possible.
1.00
b. as long as possible.
c. as long as the duration of the project.
d. longer than the duration of the project.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13254507&cmid=623266 1/8
, 9/12/23, 10:58 AM Assessment 2: Attempt review
Question 5 The financial manager is evaluating a proposal for a new project with the following cash
Complete flows: Year Net cash flows 0 -R 1 000 000 1 R 550 000 2 R 350 000 3 R 90 000The
payback period is ...
Marked out of
1.00
a. three years.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13254507&cmid=623266 2/8
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