Other
DSC 1630 ASSIGNMENT 3 SEMSTER 2 2023
- Course
- Institution
Get solutions for DSC 1630 semester 2 2023
[Show more]
Seller
Follow
etutor360
Reviews received
Content preview
Question 1If S=P(1+i)n and P=R[(1+i)n−1i(1+i)n] , then S also equals
a.
Rsn¬i
.
b.
(1+i)Rsn¬i
.
c.
(1+i)Ran¬i
.
d.
(1+i)(1+jmm)tm
.
Question 2
Complete
Mark 1.00 out of 1.00
, Flag question
Question text
Questions 2 and 3 are based on the following situation:
Samuel buys a house and makes a down payment of 16% of the price of the house. For the
remaining amount, he manages to secure a loan at an interest rate of 12,05% per year,
compounded monthly, for a period of 20 years. His monthly payment is R18 556,84.
The size of the loan (to the nearest rand) is
a.
R1 680 000.
b.
R1 333 820.
c.
R4 453 642.
d.
R2 167 317.
Question 3
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Questions 2 and 3 are based on the following situation:
Samuel buys a house and makes a down payment of 16% of the price of the house. For the
remaining amount, he manages to secure a loan at an interest rate of 12,05% per year,
compounded monthly, for a period of 20 years. His monthly payment is R18 556,84.
The down payment is
a.
R268 800.
b.
R254 061.
c.
R346 771.
d.
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 etutor360. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.83. 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