Answered You can hire a professional tutor to get the answer.
Hi I'm doing DSC 1630 with UNISA. Please assist me in answering the below questions: Questions 9; 10 and 11 relate to the following situation:
HiĀ
I'm doing DSC 1630 with UNISA.
Please assist me in answering the below questions:
Questions 9; 10 and 11 relate to the following situation:Cyril buys a house and makes a down payment of 35% of the price of the house. He manages to secure a loanat an interest rate of 13,25% per year, compounded monthly, for a period of 20 years. His monthly paymentis R10 437,26.Question 9The size of the loan (to the nearest rand) is[1] R869 941.[2] R877 500.[3] R1 020 091.[4] R1 508 454.[5] R2 504 942.Question 10The size of the down payment (to the nearest rand) is[1] R307 125.[2] R472 500.[3] R527 959.[4] R570 375.[5] R876 730.Question 11If an average yearly inflation rate of 5,57% is expected, then the real cost (to the nearest rand) of the loan(the difference between the total value of the loan and the actual principal borrowed) is[1] R631 108.[2] R877 500.[3] R1 350 000.[4] R1 508 608.[5] none of the above.