(0)°
each quarter. Thereafter, he invests R8 000 per quarter. For the first 2 years interest is
calculated at 12% p.a. compounded quarterly. The interest rate for the remainder of the term
is 10,5% p.a. compounded quarterly. How much money will Robert have at the end of the 8
year period?
Johann invests R10 000 per quarter. The first deposit is made 3 months from now and the
last deposit at the end of 7 years. The interest rate is 12,5% p.a. compounded monthly. How
much money will Johann have saved at the end of the 7 years?
CONSOLIDATION AND EXTENSION EXERCISE
(b)
(c)
(d)
How long will it take for an asset to depreciate to a quarter of its original val
depreciates at 11,5% p.a. on the reducing balance?
On 1 October 2020, Thando opens a savings account and makes a deposit of R2 000. He
then makes monthly deposits of R2 000 at the end of each month. The last deposit is made
on 31 March 2025. Interest is calculated at 9,8% p.a. compounded monthly. Determine the
amount in the account immediately after the last payment.
Interest is calculated at 8% p.a. compounded quarterly. Calculate
(1)
the effective annual rate. (2) the rate p.a. compounded semi-annually.
Jane pays off a loan of R150 000 by means of 20 equal quarterly payments, starting one year
after the loan was taken out. The interest rate is 15,2% p.a. compounded quan
(1)
(2)
(3)
Calculate Jane's quarterly payment.
Determine the outstanding balance after 11 payments.
Jane is unable to make the 12th, 13th and 14 payments. How much will her
new monthly payment be, if she still wants to pay the loan off in the same amount
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