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    Finance Questions and Solutions

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    Moloto REBONE
    The document is a compilation of finance questions and solutions compiled by Navan Mudali from November 2008 to February 2017. It contains questions on topics such as compound interest, loans, mortgages, and investments. For each time period from November to February, there are multiple pages of questions and step-by-step solutions worked out for the questions presented. The compilation spans nearly a decade and provides a comprehensive set of materials to help understand key concepts in finance.

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    Finance Questions and Solutions

    Uploaded by

    Moloto REBONE
    174 views58 pages
    The document is a compilation of finance questions and solutions compiled by Navan Mudali from November 2008 to February 2017. It contains questions on topics such as compound interest, loans, mortgages, and investments. For each time period from November to February, there are multiple pages of questions and step-by-step solutions worked out for the questions presented. The compilation spans nearly a decade and provides a comprehensive set of materials to help understand key concepts in finance.

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    The document is a compilation of finance questions and solutions compiled by Navan Mudali from November 2008 to February 2017. It contains questions on topics such as compound interest, loans, mortgages, and investments. For each time period from November to February, there are multiple pages of questions and step-by-step solutions worked out for the questions presented. The compilation spans nearly a decade and provides a comprehensive set of materials to help understand key concepts in finance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    174 views58 pages

    Finance Questions and Solutions

    Uploaded by

    Moloto REBONE
    The document is a compilation of finance questions and solutions compiled by Navan Mudali from November 2008 to February 2017. It contains questions on topics such as compound interest, loans, mortgages, and investments. For each time period from November to February, there are multiple pages of questions and step-by-step solutions worked out for the questions presented. The compilation spans nearly a decade and provides a comprehensive set of materials to help understand key concepts in finance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    Compiled by Navan Mudali

    Finance – Questions & Solutions


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    February 2011
    QUESTION 8

    8.1 R1 430,77 was invested in a fund paying i% p.a. compounded monthly. After 18 months the fund had
    a value of R1 711,41. Calculate i. (4)

    8.2 A father decided to buy a house for his family for R800 000. He agreed to pay monthly instalments of
    R10 000 on a loan wh ich incurred interest at a rate of 14% p.a. co mpounded monthly. The first
    payment was made at the end of the first month.

    8.2.1 Show that the loan would be paid off in 234 months. (4)

    8.2.2 Suppose the father encountered unexpected expenses and was unable to pay any
    instalments at the end of the 120th , 121st , 122nd and 123rd months. At the end of the 124th
    month he increased his payment so as to still pay off the loan in 234 months by 111
    equal monthly payments.
    Calculate the value of this new instalment. (7)
    [15]

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    Exemplar November 2014

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