Financial Math Answers

To save money for a new house, you want to begin contributing money to a savings account. Your plan is to make equal contributions to the account for eight years. Each contribution will be R18490,00. The contributions will come at the end of every three month period, starting three months from now. The savings account pays 9% interest per annum, compounded quarterly. How much money do you expect to have in the account at the end of the eight years?

miller biker supply is one of manila as large as bakery needs supplier my life usually sell on credit and on the usual term intake 60 day for a customer received to be collected through in a demand nature of minor product it only takes miller 25 days to sell it supplies after being purchased from the supplier .On the other hand miller make use of a 30 days period before it pays its obligation to its supplier

A.compute the operating cycle

B.compute the cash conversion cycle

Tshepo wants to buy a big screen tv. She has five interest rates to choose from if she borrows money from the bank. The cheapest option for her is

1) 29% per year, compounded daily

2) 30% per year, compounded semi-annually

3) 28.5% per year, compounded weekly or

4) 29.5% per year, compounded every two months

John deposits $450 at the end of every 3 months in a savings account. The account has a 5% interest compounded quarterly. How much will he have in his account at the end of 7 years and 3 months?

1. ) The following table shows the number of units produced each month and the total incurred.

MONTH UNITS COST

JUNE 200 50,000

JULY 500 75,000

AUGUST 300 55,000

SEPTEMBER 800 95,000

OCTOBER 700 80,000

NOVERMBER 600 80,000

DECEMBER 400 60,000

Required

              I. Estimate the variable cost per unit and the fixed cost per month use high low method. (6mks)

             ii.  Calculate the regression line Y= a+bx (6mks)

(b) Explain four purpose of transfer pricing (8mks)

Sea-Salt Restaurant borrows R100000

 for five years from a bank to upgrade its premises. The bank charges interest at 12%

 per annum compounded monthly over five years. What is the equal monthly repayments of Sea-Salt Restaurant to the bank?

Puleng receives R1500,00 from a bank now, that charges 10.5% simple discount per annum. She has to pay back an amount of R1893.75 in a few months time. The number of months after which Puleng pays back the loan, rounded to one decimal place is

(1) 2.5

(2) 23.8

(3) 2.0

(4) 30.0