Zwane has a debt that will be R1000 in 11 months. He has 3 options to consider for his repayment. For each option, determine the single payment he will make to fully repay his debt if the cost of money is 15% per annum? (a) now (b) six months from now (c) in one year

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A: We are required to find the solution to this question with the help of an Excel  Formula,

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Q: you have 500,000 saved for retirement. your acccount earns 6% interest . how much will you be able…

A: Amount saved for retirement = 500,000 Interest = 6%

Q: Mark deposits $50,000 now into an account which will eam interest at a rate of 7% per year, how much…

A: Present value = $50,000 Interest rate = 7% Number of years = 4

Q: compounded

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A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

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A: Future value of money is the amount of deposit made and amount of compounded interest accumulated…

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A: Future value:Future value is a financial concept that refers to the amount of money an investment…

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A: Future value = $ 629.00 Period = 5 Years Annual interest rate = 70%

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A: Net Present Value:Net present value (NPV) is the difference between the present value of inflows of…

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A: Future value of an annuity: It refers to an amount received or paid equally for a specified number…

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Q: You sign a contract for annual payments of $35 each year for the next 8 years.  There is a signing…

A: Present value is the current value of the amounts that can be made in future. Present value can be…