DSC1630 Assignment 2 (QUIZ) Semester 2 2024 (234642) - DUE 22 August 2024
18 views 0 purchase
Course
Introductory Financial Mathematics (DSC1630)
Institution
University Of South Africa
Book
Introduction to Financial Mathematics
DSC1630 Assignment 2 Full QUIZ Solutions Semester 2 2024 (234642) - DUE 22 August 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........
DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (234683) - DUE 5 September 2024
DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (234683) - DUE 5 September 2024
DSC1630 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (234683) - DUE 5 September 2024
All for this textbook (24)
Written for
University of South Africa
Introductory Financial Mathematics (DSC1630)
All documents for this subject (60)
Seller
Follow
LIBRARYpro
Reviews received
Content preview
DSC1630
ASSIGNMENT 2 SEMESTER 2 2024
UNIQUE NO. 234642
DUE DATE: 22 AUGUST 2024
, Question 1:
Mary invested R40,000 and aims to have R56,000 in 30 months. What is the yearly
interest rate, compounded semi-annually?
a. 7.21%
b. 8.00%
c. 13.92%
d. 14.41%
Answer: d. 14.41%
Question 2:
Bhongo received R32,412.87 after investing in an account with a continuous
compounding interest rate of 10.15% per year. What was the amount he invested 57
weeks earlier?
a. R29,000.00
b. R29,153.86
c. R32,768.16
d. R36,227.38
Answer: b. R29,153.86
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 LIBRARYpro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.71. You're not tied to anything after your purchase.