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Dineo decided that she will save R3 000 per quarter over the next four years. She will make the first deposit into a savings account
Dineo decided that she will save R3 000 per quarter over the next four years. She will make the first deposit into a savings account in three months' time, and she will make her last deposit at the end of four years from now. At the end of four years, if interest is earned at 6,68% per annum compounded quarterly, Dineo's total amount will be ... A. R54 507,02 O B. R53 591,52 C. R45 522,51 OD. R59 621,41Ronald saved a total amount R105 000.00. Every year, he deposited R 28 000.00 into an account earning 6.04% interest per year. How long, rounded to one decimal place did it take him to accumulate the total amount? O A. 3.5 years O B. 3.3 years O C. 5.1 years O D. 6.0 yearsA BCom graduate bought a small apartment for R151 000.00 with a down payment of R45 000.00. The graduate secures a mortgage bond with a bank for the balance at 15% per annum, compounded monthly, with a term of 20 years. What are the monthly payments? A R671.56 O B. R1 316.79 OCR1 395.80 O D. R1 988.35
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