Boitumelo invests an amount of R28 000 for a period of 7 years. For the first two (3) 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.

QUESTION 2 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. \( 2.2 \quad \begin{array}{l}\text { Convert an interest rate of } 10 \% \text { p.a. compounded quarterly to an annual effective (3) } \\ \text { interest rate. }\end{array} \) \( 2.3 \quad \begin{array}{l}\text { A lawnmower was traded in for R236 after } 10 \text { years. The depreciation was } \\ \text { calculated at } 9.2 \% \text { p.a. on a straight-line basis. } \\ \text { Determine the cost of the lawnmower } 10 \text { years ago. }\end{array} \)

How would you describe the amount of investment income and wealth typically generated by low-risk investments? (A) The amount of income and wealth generated is stable. (B) The amount of income and wealth generated is low. (C) The amount of income and wealth generated is high. (D) The amount of income and wealth generated is high and volatile.

Which of the following refers to how quickly an asset can be converted to cash? (A) Fair market value (B) Monetary asset (D) Liability

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. .3 Convert an interest rate of \( 10 \% \) p.a. compounded quarterly to an annual effective (3) interest rate.

Fend the conpound enterest on Rs 24,000 compoundsd semi- anmualey for \( 1 \frac{1}{2} \) yeas at the Rate of \( 10 \% \)