Question 1 Lesley deposits R128 200 at the beginning of each semi-annual period for four years in an account paying 9,50% compounded semi-annually. He then leaves that money alone and makes no further deposits for an additional five years. What will the balance be after the entire nine-year period? 1. R 132 529,69 2. R1 270 935,16 3. R2 021 453,29 4. R2 955 570,17

Question 2 Bonolo borrowed R15 700 this time last year. She has to repay the loan principal and all interest in four years from today. The payment required at that time is R25 000. What is the interest rate of this loan? 1. 8,98% 2. 9,75% 3. 10,98% 4. 12,33%

Question 3 How much would you pay today for a perpetuity of R90 000, paid annually, that can be transferred to your future grandchildren if the applicable interest rate is 8%? 1. R 7 200 2. R 83 333 3. R 97 200 4. R1 125 000