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Q.1.6 (1) You invested R10 000 at 8% per annum compounded. How much will you have...
1 of 15 (0 complete) An investment of $3300 earns interest at 6.6% per annum compounded...
1 of 15 (0 complete) An investment of $3300 earns interest at 6.6% per annum compounded annually for four years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be three-and-a-half years after the change? The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ndal
You have taken out a loan of $300 000 at an interest rate of 3% per annum compounded quarterly. You plan to repay the lo...
You have taken out a loan of $300 000 at an interest rate of 3% per annum compounded quarterly. You plan to repay the loan in 240 reducing-principal payments made at the end of each quarter and starting at the end of the first quarter. (a) How much is the principal reduced by after each payment? (b) Write down an expression for the loan balance before repayment Am at the end of period m. This means that A1 should give...
You have just sold your house for $ 1 comma 000 comma 000$1,000,000 in cash. Your...
You have just sold your house for $ 1 comma 000 comma 000$1,000,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $ 700 comma 000$700,000. The mortgage is currently exactly 18½ years old, and you have just made a payment. If the interest rate on the mortgage is 6.25 %6.25% (APR), how much cash will you have from the sale once you pay off the mortgage? (Note: Be careful not to...
Questiion 3 Sima and Shuly are in partnership trading as Shuma Trading, The following information relates to the partnership: Extract of balances as at 31 May 2018: Capital: Sima (1 June 2017) Cap...
Questiion 3
Sima and Shuly are in partnership trading as Shuma Trading, The following information relates to the partnership: Extract of balances as at 31 May 2018: Capital: Sima (1 June 2017) Capital: Shuly (1 June 2017) Current Account: Sima Current Account Shuly (Cr) Drawings: Sima 320 000 280 000 85 000 74 000 15 000 Continued on the next page 23 FAC1601/101/3/2019 Drawings: Shuly Bank (Dr) Land and Vehicles at cost (1 June 2017) Equipment at cost (1 June...
1. 2. Your bank pays 26% interest per year You put $1,400 in the bank today...
1.
2.
Your bank pays 26% interest per year You put $1,400 in the bank today and $550 more in the bank in one year How much will you have in the bank in two years? In two years, the amount that you will have is S(Round to the nearest cent) Your cousin is currently 11 years old She will be going to college in 7 years. Your aunt and uncle would like to have $95,000 in a savings account...
Question 8 Not yet answered Marked out of 1 You would like to save up for...
Question 8 Not yet answered Marked out of 1 You would like to save up for a deposit of $30,000 to buy a home in exactly 9 years. You can invest your savings at an interest rate of 4.3% per year (compounded yearly) Calculate the amount that you must save at the end of each year for the next 9 years to have enough savings for this deposit. Your answer should be to the nearestdollar and you should not include...
Question 8 Not yet answered Marked out of 1 You would like to save up for...
Question 8 Not yet answered Marked out of 1 You would like to save up for a deposit of $30,000 to buy a home in exactly 9 years. You can invest your savings at an interest rate of 4.3% per year (compounded yearly) Calculate the amount that you must save at the end of each year for the next 9 years to have enough savings for this deposit. Your answer should be to the nearestdollar and you should not include...
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay...
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years?
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
FINANCIAL REPORTING INDIVIDUAL ASSIGNMENT (22 MARCH 2020) &nbs
FINANCIAL REPORTING INDIVIDUAL ASSIGNMENT (22 MARCH 2020) Marks: [35] NB: Please use the answer sheet provided. You may use non-programmable calculators. QUESTION 1: (15 MARKS) Answer each of the following questions by selecting the correct letter (A – E) next to the relevant the number on the answer sheet. Unless otherwise indicated, questions are not related. Only one answer per question will be allowed. XYZ traders had equipment (cost price) on 1 January 2016 of R 80...
can you please show me how to arrive at the right answers. thanks so much Ursus,...
can you please show me how to arrive at the right
answers. thanks so much
Ursus, Inc., is considering a project that would have a five-year life and would require a $2,400,000 investment in equipment. At the end of five years, the project would terminate and the equipment would have no salvage value. The project would provide net operating income each year as follows (Ignore income taxes.): $3,500,000 2,100,000 1,400,000 Sales Variable expenses Contribution margin Fixed expenses: Fixed out-of-pocket cash...
1 of 15 (0 complete) An investment of $3300 earns interest at 6.6% per annum compounded annually for four years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be three-and-a-half years after the change? The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ndal
Questiion 3
Sima and Shuly are in partnership trading as Shuma Trading, The following information relates to the partnership: Extract of balances as at 31 May 2018: Capital: Sima (1 June 2017) Capital: Shuly (1 June 2017) Current Account: Sima Current Account Shuly (Cr) Drawings: Sima 320 000 280 000 85 000 74 000 15 000 Continued on the next page 23 FAC1601/101/3/2019 Drawings: Shuly Bank (Dr) Land and Vehicles at cost (1 June 2017) Equipment at cost (1 June...
1.
2.
Your bank pays 26% interest per year You put $1,400 in the bank today and $550 more in the bank in one year How much will you have in the bank in two years? In two years, the amount that you will have is S(Round to the nearest cent) Your cousin is currently 11 years old She will be going to college in 7 years. Your aunt and uncle would like to have $95,000 in a savings account...
Question 8 Not yet answered Marked out of 1 You would like to save up for a deposit of $30,000 to buy a home in exactly 9 years. You can invest your savings at an interest rate of 4.3% per year (compounded yearly) Calculate the amount that you must save at the end of each year for the next 9 years to have enough savings for this deposit. Your answer should be to the nearestdollar and you should not include...
Question 8 Not yet answered Marked out of 1 You would like to save up for a deposit of $30,000 to buy a home in exactly 9 years. You can invest your savings at an interest rate of 4.3% per year (compounded yearly) Calculate the amount that you must save at the end of each year for the next 9 years to have enough savings for this deposit. Your answer should be to the nearestdollar and you should not include...
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years?
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
can you please show me how to arrive at the right
answers. thanks so much
Ursus, Inc., is considering a project that would have a five-year life and would require a $2,400,000 investment in equipment. At the end of five years, the project would terminate and the equipment would have no salvage value. The project would provide net operating income each year as follows (Ignore income taxes.): $3,500,000 2,100,000 1,400,000 Sales Variable expenses Contribution margin Fixed expenses: Fixed out-of-pocket cash...
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