If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum TrueFalse
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If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum
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- A 5% loan note was issued on 1st April 2020 at its face value of £40 million. Direct costs of the issue were £2,000,000. The loan note will be redeemed on 31st March 2023 at a substantial premium. The effective interest rate applicable is 10% per annum. At what amount will the loan note appear in the statement of financial position as at 31st March 2022? A. £39,800 B. £41, 780 C. £39, 780 D £43, 780Goose Limited took out a loan for £4 million on 1st December 2018. If the interest rate is 3% per annum, how much interest would be due on 30th June 2019?The effective rate of interest is 5% per annum during the calendar years 2016 and 2017, and it is 9% per annum during the calendar years 2018 and 2019. Calculate the accumulation on 1 January 2019 of a payment of £252 paid on 1 January 2016.
- What amount should be paid on October 5, 2022, on a loan of P100,000 made on December 13, 2021 with 4.7% simple interest?6. Find the maturity value if Php 70,000 is invested from August 18, 2019 to November 18, 2020mat a simple interest of 14 ½ %?On April 28, 2020 a sum of $39,700.00 was deposited into an account. What would be the future value of this sum of money on July 9, 2024, if the interest rate is 2.67% compounded monthly. (1year = 365days) Round the value for FV to two decimal places. P/Y = 2.67 12 % PV = $39700.00✓ C/Y = 12 PMT= $ 0 DBD = 1533 FV = $44340.93× days I/Y =
- Please you assist with this Financial question below, thanks.Payments of £1,000 pa are payable quarterly in arrears from 1/1/20 to 31/12/25. The annual effective rate of interest is 3.4% for calendar years 2020-2023 (inclusive) and 4.2% thereafter. Calculate: (i) the present value of the payments at 1/1/20 (ii) the accumulated value of the payments at 1/1/27You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 4.9% compounded semi-annually. For the next 8 months you earn 4.32% compounded monthly. What is the approximate maturity value of the certificate? A. 7857 B. 7775 C. 7875 D. 7785
- 2. An amortized loan of P100,000 with an interest rate of 8% per annum will be paid quarterly for 1 ½ years. Determine the periodic payment.3. a) Calculate the interest rate applied in a loan of P1000 with repayment of P1100 and duration of 10 months. b) What is the monthly interest, daily interest, equivalent to the yearly interest found in a)?Scenario is that you are suppose to borrow an amount of $9,000,000 for 91 days at LIBOR beginning next September. In this case, we might want to hedge against a potential (Increase or Decrease) in interest rates between now and September by taking necessary position in Euro dollars. Substantiate your answer with what position needs to be taken with explanations?