Finance Questions & Answers

Un estudiante de economía desea iniciar un negocio de venta de helados. Para fabricar los helados estimo que el costo en los ingredientes es de 297 por cada helado, además en casa debido a que el consumo de energía se aumentara, su madre le cobrara semanalmente 3235 por el uso del refrigerador. El estudiante estima que puede vender semanalmente un promedio de 38 helados. Cual es el precio minimo de venta por cada helado de manera que dicho estudiante no tenga perdidas en su nuevo emprendimiento. (redondee su respuesta a un decimal, use coma ( ".") para separar decimales.) Ejemplo: 1000,2

Tebogo made an initial deposit of R15000 into an aceount that paid inlerest at \( 9,6 \% \) p.a, compounded quarterly. Six months later she withdrew RS 000 from the account. Two years after the initial deposit she deposited another R3 500 into this account. How much does she have in the account 3 years after her initial deposit?

Suppose an investment earns \( 3.3 \% \) interest compounded continuously. Find the future value of a \( \$ 3900 \) investment after 13 years. Round your answer to the nearest cent, if necessary. \[ \text { Simple Interest } \quad \text { Formulas } \]

Question 8 Answer the following questions concerning: Suppose you get a loan for \( \$ 15,299 \) to buy a brand-new car. Your loan will be at \( 5 \% \) interest compound daily. A. Suppose your loan was for 84 months. What is the total amount you owe the bank? Round 2 decimals. B. Based on part A, what would your monthly payment be? Round 2 decimals. Use the editor to format your answer

2.2.1 Explain the term Credit in context above. 2.2.2 Calculate the value for \( \mathbf{A} \) and B . 2.2 .3 Simon needs to buy tickets now in November for the \( 14^{\text {th }} \) of December, his friends Birthday is 29 November therefore he will surprise him with the tickets and a small get together at a well-known restaurant where everyone joining will pay for themselves, however Simon will pay for Peter. If Simon buys 2 tickets for the rugby on 14 December and calculated traveling cost to be R800 in total and he wants to put away R1 900 for the small get together for drinks and eats. Show by means of calculations that he will have R5 731,36 left for the rest of the month.

4.2 Ms Lesufi is investigating two options for investing money. She wants to invest R234 800 . Option one offers her an interest rate of \( 5 \% \) simple interest per annum over a fixed period of 24 months. The second option offers her an interest rate of \( 5 \% \) compound interest per annum over a period of 2 years. By means of calculations, advise Ms Lesufi on the option that will give her the best retum for her money she wants to invest. TOTAL 75

Suppose you get a loan for \( \$ 15,299 \) to buy a brand-new car. Your loan will be at \( 5 \% \) interest compound daily. How long will it take for your loan to earn \( \$ 2000 \) interest? Answer in Change of Base and round 4 decimals. Use the editor to formot your answer

4.1.4 If Ms Lesufi wants to make 12000 copies at Mr Nkomos internet cafe, she stated that it will cost her R6 000 and that Mr Nkomo will make a profit of R2400. Show all calculations and state whether Ms Lesufi is correct or not. \( \begin{array}{l}\text { 4.1.5 Mr Nkomo claims that if he offers a } 5 \% \text { discount for an order of } 15000 \text { copies, } \\ \text { he will receive an income of R7 } 125 \text {. Verify if his statement is correct by means } \\ \text { of showing all calculations. }\end{array} \begin{array}{l}\text { Ms Lesufi is investigating two options for investing money. She wants to invest } \\ \text { R234 } 800 \text {. Option one offers her an interest rate of } 5 \% \text { simple interest per annum over a } \\ \text { fixed period of } 24 \text { months. The second option offers her an interest rate of } 5 \% \text { compound } \\ \text { interest per annum over a period of } 2 \text { years. } \\ \text { By means of calculations, advise Ms Lesufi on the option that will give her the best return } \\ \text { for her money she wants to invest. }\end{array} \)

5. The student only budgeted \( \$ 50 \) a month for her cell phone. She thought, "I wonder how many gigabytes of data I would have for \( \$ 50 \) if I go with Option B?" and wrote \( B(x)=50 \). What is the answer to her question? Explain or show how you know.

A realtor sells 3 houses this month for a total of \( \$ 825,000 \), and each buyer uses her company to process their loan. She earns a base pay of \( \$ 2,600 \) each month plus \( 1.5 \% \) of her total house sales. She also gets a fee of \( \$ 12 \) for each oan she gets serviced through her company. What are her total earnings for the month?