DSC1630

DSC1630 ASSIGNMENT 2 SEMESTER 1 - 2022 LATEST UPDATE Last document update:   ago

DSC1630 ASSIGNMENT 2 SEMESTER 1 - 2022 LATEST UPDATE Question 1 Shona decides that he would like to buy his lovely wife, Connie, a new car when she turns 30 in six years’ time. He deposits R6 000 each month into an account earning 8,94% interest per year, compounded monthly. The amount that Shona (rounded to the nearest rand) will have available six years from now is [1] R568 948. [2] R573 187. [3] R333 412. [4] R335 896. [5] R432 000. In this problem we have equal payments in equ...