Xola needs R150 000 on 17 November 2022 to upgrade his Kota Eatery. On 8 January 2022, he deposited an amount into an account earning \( 13,45 \% \) interest per year, compounded monthly, and credited on the first day of every month. If fractional compounding is used for the full term, then the amount that Xola deposited on 8 January was

You want to take out a \( \$ 299,000 \) mortgage (home loan). The interest rate on the loan is \( 5.4 \% \), and the loan is for 30 years. Your monthly payments are \( \$ 1,678.98 \). How much will still be owed after making payments for 5 years? \( \$ \) How much will still be owed after making payments for 10 years? How much will still be owed after making payments for 15 years? Round your answers to the nearest dollar.

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?

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?

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

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?