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Plz answer all these questions !!!!!!! Question 1 Home Properties & Co. wants to invest an amount of R30 000. They approach different, Banks which
Plz answer all these questions !!!!!!!
Question 1 Home Properties & Co. wants to invest an amount of R30 000. They approach different, Banks which give them the below options. Find the Effective rate of each of the rates offered by the different Banks: (Fill in the table) BANK OPTIONS EFFECTIVE RATE A 6.5% per year, compounded annually. B 6.43% per year, compounded monthly. 6.2% per year, compounded every term. D 6.15% per year, compounded continuously. 1.2 Which Bank offers the best option for ABC Properties & Co? 1.3 How much will the investment worth at the end of 3 years if they invested in the Bank offering the best option? Question 2 A debt of R3500 due in four years and R5000 due in six years is to be repaid by a single payment of R1500 now and three equal payments that are due each consecutive year from now 2.1 Draw a complete timeline indicating all debts and payments separately. If the interest rate is 7% compounded annually, determine the value of each equal payments. 2.2 Question 3 A person amortises a loan of R15000.00 to be repaid by 5 equal monthly payments at an interest rate of 9% compounded monthly 3.1 Construct a complete Amortization Schedule using the headings below for your table. Mathemaics for Finance and Business 1B-MATDCB1 - Assignment 1 - 2020 -3- Periods Principal Outstanding at the Beginning. Interest for the Period. Payment made each Period Principal Repaid at End. 1 3.2 What was the total financial chargeStep by Step Solution
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