DSC1630 :Toughest Financial Maths, Compound, Future and present value Mntwana Wabantu

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Question 1:
Mabel borrowed an amount of money from her father. The loan will be paid back by means of payments of R25 000 each every second month for six years. An interest rate of 7,5% per year, compounded every two months, will be applicable. The amount of the loan is
A.R238 067,35 B.R721 181,68. C.R900 000,00. D.R1 127 887,64

Question 2
The Boxing Fund must pay Daniel an old boxer, R18 000 every three months indefinitely as compensation. Money is worth 11,4% per year, compounded quarterly.
The opening balance of this fund is approximately
A.R474 536. B.R157 895. C.R631 579. D.R1 105 351.

Question 3
The Boxing Fund must pay Daniel an old boxer, R18 000 every three months indefinitely as compensation. Money is worth 11,4% per year, compounded quarterly.
Daniel asks to reschedule the compensation in three payments, the first payment now, the second payment twice the size of the first payment four years from now, and the third payment three times the size of the first payment nine years from now. The Boxing Fund agrees on condition that the interest rate changes to 10,95% per year, compounded monthly. The amount to the nearest hundred rand that Daniel an expect to receive four years from now is
A.R864 000.
B.R557 510.
C.R184 800.
D.R369 600.
Question 4
The present value of an annuity is R62 543,42. The time under consideration is 10 years and the applicable interest rate is 16% per year, compounded monthly. The future value of this annuity is
A. R162 612,89.
B.R1 333 517,61.
C.R306 521,61.
D.R581 913,00.

Question 5
On his 40th birthday Ofentse decides he will buy a bike trailer for his 50th birthday. He estimates that it will cost him R48 000 when he turns 50. He starts saving immediately each month paying an amount into an account earning 8,58% interest per year, compounded monthly. The monthly payment is
A.R592,95.
B.R597,19.
C.R252,18.
D.R253,99.