Calculate the initial payment needed when booking an adventure holiday for 4 people if the holiday costs \( £ 2000 \) per person and the administration fee is \( £ 15 \). \[ p=a+\frac{n c}{10} \] \[ \begin{array}{l}p \text { is the initial payment ( } £ \text { ) } \\ a \text { is the administration fee ( } £ \text { ) } \\ n \text { is the number of people } \\ c \text { is the cost per person ( } £ \text { ) }\end{array} \]

You deposit \( \$ 400 \) each month into an account earning \( 7 \% \) interest compounded monthly. Round to the nearest cent as needed. a) How much will you have in the account in 20 years? b) How much total money will you put into the account? c) How much total interest will you earn?

2.75 U Hva er vekstfaktoren når prisen på en vare går opp med \( \begin{array}{llll}\text { a } 5 \% & \text { b } 15 \% & \text { c } 15,5 \% & \text { d } 0,5\end{array} \)

hando needs to buy a new Tablet. The new Tablet costs R7 990 . hando does not have the full amount of money available, so she tas decided to buy it using a hire purchase agreement. The terms of he agreement are as follows: \( 15 \% \) per annum simple interest 48 monthly payments Monthly processing fee of R15,50 Determine the monthly amount payable, including interest and fees Sn her \( 29^{\text {th }} \) birthday, Lerato invested R5000 on the Johannesburg stock Exchange. Her shares increased in value by \( 20 \% \) compounded annually. How much would her investment be worth her \( 60^{\text {th }} \) birthday?

With reference to Question 8 above, the measure of money that will not be immediately affected by the above action by China's central bank is: a) M1 b) M2 c) M3 d) Quasi money

Suppose you want to have \( \$ 800,000 \) for retirement in 35 years. Your account earns \( 4 \% \) interest. How much would you need to deposit in the account each month?