Full loan monthly repayments

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1.1 Determine the nominal interest rate if the investment received r% p.a. compounded monthly whereas effectively it receives 8,3% per annum. (3) 1.2 Mpho take…
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Photocopy machine depreciates at 12% per annum compounded half-yearly

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Jason invests R900 each month at 12% p.a. compounded monthly starting on the 1st January 2013, ending on 1st January 2020. How much will he receive immediately…
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Video Summaries of full lessons

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Some videos have a ‘PAUSE’ moment, at which point the teacher or learner can choose to pause the video and try to answer the question posed or calculate the an…
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Financial mathematics teaching Approach

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Finance forms an integral part of the Mathematics syllabus. Financial mathematics has one of the widest applications in everyday life and is important in every…
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Loans and loan repayments using the future-value formula

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With hire purchase loans where the interest is calculated at the start of the loan as simple interest based on the full amount of the loan over the repayment p…
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Savings account that bears 15% simple interest per annum

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1. Lehlohonolo opens a savings account that bears 15% simple interest per annum. If he deposits R 5 700 how much money will he have after 11 years and 7months?…
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Requesting financial advise at NBC Bank

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1. A couple takes out a loan from the bank in order to pay for their wedding. They pay the bank R 3 560 every month for 3 years. The bank charges them 9,5% p.a…
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