1. Calculate the Future Value (FV) of R350 000.00 if it is invested over a period of 6 years at an interest rate of 4 % per annum. Please provide all the steps in your calculation. [Financial Table 1 page 14]

(4)

2. Calculate the Future Value of an ordinary annuity of R1580 p.a. over a period of 3 years at an interest rate of 8% per annum. Please provide all the steps in your calculation. [Financial Table 2 page 15]

(4)

3. Calculate the Future Value of an annuity where the payment of R1780 p.a. is made over a period of 6 years at an interest rate of 6% per annum taking into account that the interest is calculated at the end of the year. (4)

Period 12345 2 5 67890 10 11213415 16 17 18 19 20 1% 1,010 1,020 1,030 1,041 1,051 1,062 1,072 1,083 1,094 1,105 1,116 1,127 1,138 1,149 1,161 1,173 1,184 1,196 1,208 1,220 2% 1,020 1,040 1,061 1,082 1,104 1,126 1,149 1,172 1,195 1,219 1,243 1,268 1,294 1,319 1,346 1,373 1,400 1,428 1,457 1,486 3% 1,030 1,061 1,093 1,126 1,159 1,194 1,230 1,267 1,305 1,344 1,384 1,426 1,469 1,513 1,558 1,605 1,653 1,702 1,753 1,806 4% 1,040 1,082 1,125 1,170 1,217 1,265 1,316 1,369 1,423 1,480 1,539 1,601 1,665 1,732 1,801 1,873 1,948 2,026 2,107 2,191 5% 1,050 1,102 1,158 1,216 1,276 1,340 1,407 1,477 1,551 1,629 1,710 1,796 1,886 1,980 2,079 2,183 2,292 2,407 2,527 2,653 6% 1,060 1,124 1,191 1,262 1,338 1.419 1,504 1,594 1,689 1,791 1,898 2,012 2,133 2,261 2,397 2,540 2,693 2,854 3,026 3,207 7% 1,070 1,145 1,225 1,311 1,403 1,501 1,606 1,718 1,838 1,967 2,105 2,252 2,410 2,579 2,759 2,952 3,159 3,380 3,616 3,870 8% 1,080 1,166 1,260 1,360 1,469 1,587 1,714 1,851 1,999 2,159 2,332 2,518 2,720 2,937 3,172 3,426 3,700 3,996 4,316 4,661 9% 1,090 1,188 1,295 1,412 1,539 1,677 1,828 1,993 2,172 2,367 2,580 2,813 3,066 3,342 3,642 3,970 4,328 4,717 5,142 5,604 10% 1,100 1,210 1,331 1,464 1,611 1,772 1,949 2,144 2,358 2,594 2,853 3,138 3,452 3,797 4,177 4,595 5,054 5,560 6,116 6,727 Period 12345 5 678910 1112345|6781920 21 22 23 24 25 | 30 35 1% 1,000 2,010 3,030 4,060 5,101 6,152 7,214 8,286 9,368 10,462 11,567 12,682 13,809 14,947 16,097 17,258 18,430 19,614 20,811 22,019 23,239 24,471 25,716 26,973 28,243 34,784 41,659 2% 1,000 2,020 3,060 4,122 5,204 6,308 7,434 8,583 9,755 10,950 12,169 13,412 14,680 15,974 17,293 18,639 20,012 21,412 22,840 24,297 25,783 27,299 28,845 30,421 32,030 40,567 49,994 3% 1,000 2,030 3,091 4,184 5,309 6,468 7,662 8,892 10,159 11,464 12,808 14,192 15,618 17,086 18,599 20,157 21,761 23,414 25,117 26,870 28,676 30,536 32,452 34,426 36,459 47,575 60,461 4% 1,000 2,040 3,122 4,246 5,416 6,633 7,898 9,214 10,583 12,006 13,486 15,026 16,627 18,292 20,023 21,824 23,697 25,645 27,671 29,778 31,969 34,248 36,618 39,082 41,645 56,084 73,651 5% 1,000 2,050 3,152 4,310 5,526 6,802 8,142 9,549 11,027 12,578 14,207 15,917 17,713 19,598 21,578 23,657 25,840 28,132 30,539 33,066 35,719 38,505 41,430 44,501 47,726 66,438 90,318 6% 1,000 2,060 3,184 4,375 5,637 6,975 8,394 9,897 11,491 13,181 14,972 16,870 18,882 21,015 23,276 25,672 28,213 30,905 33,760 36,785 39,992 43,392 46,995 50,815 54,864 79,057 111,432 7% 1,000 2,070 3,215 4,440 5,751 7,153 8,654 10,260 11,978 13,816 15,784 17,888 20,141 22,550 25,129 27,888 30,840 33,999 37,379 40,995 44,865 49,005 53,435 58,176 63,248 94,459 138,234 8% 9% 10% 1,000 1,000 1,000 2,080 2,090 2,100 3,246 3,278 3,310 4,506 4,573 4,641 5,867 5,985 6,105 7,336 7,523 7,716 8,923 9,200 9,487 10,637 11,028 11,436 12,488 13,021 13,579 14,487 15,193 15,937 16,645 17,560 18,531 18,977 20,141 21,384 21,495 22,953 24,523 24,215 26,019 27,975 27,152 29,361 31,772 30,324 33,003 35,949 33,750 36,973 40,544 37,450 41,301 45,599 41,446 46,018 51,158 45,762 51,159 57,274 50,422 56,764 64,002 55,456 62,872 71,402 60,893 69,531 79,542 66,764 76,789 88,496 73,105 84,699 98,346 113,282 136,305 164,491 172,314 215,705 271,018