Financial Math Answers

Give your answer to this question correct to the nearest rand. Fisokuhle has a textbook loan that was

supposed to be paid in two payments of R1 637,00 due six months ago and R1 746,00 due in nine months

from now. Instead, he renegotiates to pay R622,00 today and the balance in three months, therefore, the

settlement date is at month three. The debts and payments are subject to the same interest rate of 9% per

annum, compounded quarterly. The value of X, rounded to the nearest rand, is equal to?

Give your answer to this question correct to the nearest rand. Phindile invests R12 795,00 now and RX

in eight months’ time. The investment earns interest at an interest rate of 11% per annum, compounded

monthly. Phindile’s goal is to have R21 592,00 after one and a half year. What is the value of X?

Calculate the extra compound interest received when R18 400,00 invested at 13,2% per annum for 11,5 years, interest paid annually, is invested at the same rate but with interest paid monthly.

Calculate the extra compound interest received when R18 400,00 invested at 13,2% per annum for 11,5 years,

interest paid annually, is invested at the same rate but with interest paid monthly.

Round your answer to this question to the nearest year. Find the number of years it would take for R748,00

to increase by 72% if it is invested at an interest rate of 7,9% per annum, compounded semi-annually.

a philantrophist wishes to donate an amount to an orphanage. The amount will provide 15,000php a year to support a child for 8 years. If money is invested at 10% compounded annually, how much should he donate?

Consider the compound interest equation B(t)=100(1.1664)^t

Assume that n=2, and rewrite B(t) in the form B(t)=P(1+r/n)^nt

What is the interest rate, r, written as a percentage?

Enter your answer as a whole number, like this: 42

Your parents are buying a house for $187,500. They have a good credit rating, are making a 20% down payment, and expect to pay $1,575/month. The interest rate for the mortgage is 4.65%. How much interest is paid at the end of the second month?

Find the present value of the following annuities. Assume the discounting occurs once a year A. The customer agreed to pay rent at the end of each year and the landlord charges $21,600 per year . The required rate of return of the landlord is 6.85%. The rent contract will last for 7 years Required: Find the present value of this agreement for the landlord B. A customer approached a car sales agent and makes a car lease agreement for 6 years. The cash flow [annual] is $6000. The agent charges 7.2% interest on such contract Required: How much will be the present value of such an agreement ?

Mr Mahlangu invests R20000 to play lobola. After 48 months he receives 65000. The interest on the investment is compounded quarterly. Determine the yearly interest rate at which money was invested. Give your answer as a percentage rounded to two decimal places.