Question 4 [7 marks] Hannah wants to take out a personal loan of \( \$ 12000 \) to pay for a cruise to Fiji. The loan is to be repaid over 4 years at \( 5.5 \% \) p.a interest compounded monthly. a. Using technology, calculate the monthly repayment.

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.

and savings account. If he put \( \$ 180 \) into his savings account, what percentage of the total deposit did he put in his checking account?

QUESTION 21 Suppose the nominal exchange rale between the Japanese yen and the UK pound is 100 yen per pound. Further, suppose that a kilogram of nice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchar rate Detween Japan and the UK? a) 2.5 kilograms of Japanese rice per kilogram of UK rice. b) 0.5 kilograms of Japanese nce per kiogram of UK rice. c) 1.25 kilograms of Japanese rice per kilogram of UK rice.

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?

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?