DSC1630 Assignment 3 Due 3 April 2024

1. UNISA
2. 2024
3. DSC1630-24-S1
4. Welcome Message
5. Assessment 3
Started on Tuesday, 26 March 2024, 13:00 PM
State Finished
Completed on Tuesday, 26 March 2024, 13:27 PM
Time taken 27 mins 12 secs
Marks 15.00/15.00
Grade 100.00 out of 100.00

Question 1

Complete
Mark 1.00 out of 1.00
Bobby borrowed money that must be repaid in nine payments. The first four payments of R2 000 each are paid at the beginning of each year.
Thereafter five payments of R5 000 each are paid at the end of each year. If money is worth 6,85% per year, then the present value of these
payments equals
b. R23 054,54.
c. R27 381,02.
d. R33 000,00.
a. R22 588,92.