Homework Answers
| Amount (R) | Rate of Interest | Compunding Frequency | Period (n) | Maturity (Future) Value of Annuity | Invested Amount | Interest Amount |
| 1500 | 12.00% | Annually | 11 | 30,981.87 | 16,500.00 | 14,481.87 |
| 300 | 8.00% | Quarterly | 18 | 6,423.69 | 5,400.00 | 1,023.69 |
| 600 | 15.00% | Monthly | 20 | 13,537.79 | 12,000.00 | 1,537.79 |
| 550 | 7.50% | Semi-annually | 14 | 9,889.74 | 7,700.00 | 2,189.74 |
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6% compounded monthly RM 8,000 (12 marks) Question 2 Calculate the interest for an ordinary annuity with n payments...
Question (2): (1x5-5 Marks) 1- Calculate the future value of $12,000 invested today for 3 years...
Question (2): (1x5-5 Marks) 1- Calculate the future value of $12,000 invested today for 3 years if your investment pays 8% compounded semiannually (1.0 Mark) 2- Calculate the present value of $9,000 received 6 years from today if your investment pays 12% compounded quarterly. (1.0 Mark) (3.0 Marks) 3- Calculate the present value of the following annuity stream: a) Ordinary annuity of $5,000 received each year for 5 years if your investment pays 5% (Imark) compounded annually. b) Ordinary annuity...
Compute the future value of an ordinary annuity with BD 110 semi-annually payments at 6% annual...
Compute the future value of an ordinary annuity with BD 110 semi-annually payments at 6% annual interest for 23 years. Find the future value of an ordinary annuity with BD 750 quarterly payments at 8% annual interest for 9 years and 6 months. Determine the future value of an ordinary annuity with BD 50 monthly payments at 1% annual interest for 2345 days. On March 13, Nada joined a saving account. Her bank will automatically deduct BD 160 from her...
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years...
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years if the money is worth 71 2 %. 2. Find the future value of the cash flow of $600 a month for 5 years at 9% interest compounded monthly. 3. If Gabe makes a $450 deposit into his savings fund at the end of each quarter for 6 years, how much will he be able to collect at the end of the sixth year...
QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly...
QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly so as to accumulate RM8,888 in 3 years. (3 marks) b) Compute the interest earned if RM9,600 is invested for 8 years at 8.8% compounded quarterly. (5 marks) c) A debt of RM22,000 will mature in 5 years' time. Assuming money is worth 6% compounded semiannually. Calculate, i. the present value of this debt, ii. the value of this debt at the end of...
QUESTION 1 (15 marks) GAME Stores is a promotionally driven discount retailer of predominantly general merchandise...
QUESTION 1 (15 marks) GAME Stores is a promotionally driven discount retailer of predominantly general merchandise and non-perishable groceries for home, leisure and business use. The first GAME store opened in Durban, South Africa, in 1970 and it has grown to have 110 stores in 12 African countries. GAME operates in Namibia as well. It has stores in Oshakati, and two in Windhoek (le Grove Mall and Windhoek Game Centre). Game is a subsidiary of Massmart Holdings. Massmart is Africa's...
Question (2): (1x5-5 Marks) 1- Calculate the future value of $12,000 invested today for 3 years if your investment pays 8% compounded semiannually (1.0 Mark) 2- Calculate the present value of $9,000 received 6 years from today if your investment pays 12% compounded quarterly. (1.0 Mark) (3.0 Marks) 3- Calculate the present value of the following annuity stream: a) Ordinary annuity of $5,000 received each year for 5 years if your investment pays 5% (Imark) compounded annually. b) Ordinary annuity...
QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly so as to accumulate RM8,888 in 3 years. (3 marks) b) Compute the interest earned if RM9,600 is invested for 8 years at 8.8% compounded quarterly. (5 marks) c) A debt of RM22,000 will mature in 5 years' time. Assuming money is worth 6% compounded semiannually. Calculate, i. the present value of this debt, ii. the value of this debt at the end of...
QUESTION 1 (15 marks) GAME Stores is a promotionally driven discount retailer of predominantly general merchandise and non-perishable groceries for home, leisure and business use. The first GAME store opened in Durban, South Africa, in 1970 and it has grown to have 110 stores in 12 African countries. GAME operates in Namibia as well. It has stores in Oshakati, and two in Windhoek (le Grove Mall and Windhoek Game Centre). Game is a subsidiary of Massmart Holdings. Massmart is Africa's...
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