₹ 6.050 is borrowed at \( 6.5 \% \) rate of indereat p.a. Find the inderest and the amount to be paid at the end of 3 years.

a. The future value of \( \$ 590 \) six years from now at 5 percent. b. The future value of \( \$ 1,000 \) saved each year for 10 years at 7 percent. c. The amount a person would have to deposit today (present value) at an interest rate of 9 percent to have \( \$ 600 \) five years from nov d. The amount a person would have to deposit today to be able to take out \( \$ 900 \) a year for 9 years from an account earning 7 percent.

₹ 6.050 is borrowed at \( 6.5 \% \) rate of indereat p.a. Find the inderest and the amount to be paid at the end of 3 years.

Determine the number of months to complete paying for the balance.

2.2 Convert an interest rate of \( 10 \% \) pal compounded quarterly to an annual effective interest rate. A lawnower was traded in for 2.326 anter 10 years. The depreciation was caleulated at \( 9.2 \% \) p.a. on a straight-line basis. Determine the cost of the lawnmower 10 years ago.

Boitumelo invests an amount of R28 000 for a period of 7 years. For the first two years the interest was \( 12 \% \) p.a. compounded semi-annually. The interest was then changed to \( 10 \% \) p.a. compounded quarterly. Determine the value of the investment after the 7 -year period.