Analysing Investment and Loan Options (Grade 12 NSC Matric Mathematics): Quizzes
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Practise the questions
10 questions from this quiz
What is the main advantage of choosing a shorter loan repayment period?
What is the main advantage of choosing a shorter loan repayment period?
Lower total interest costs
In the monthly payment formula, what does the variable represent?
In the monthly payment formula, what does the variable represent?
Monthly interest rate (annual rate ÷ 12)
How much is saved in total interest by choosing 20 years over 30 years in the worked example?
How much is saved in total interest by choosing 20 years over 30 years in the worked example?
Over R 2 million (R 2,192,335.20)
What three key values must you calculate when comparing investment options?
What three key values must you calculate when comparing investment options?
Future value, total paid, interest earned
In the future value formula , what does represent?
In the future value formula , what does represent?
Future value of all payments
Which investment firm offered the highest interest return in the comparison example?
Which investment firm offered the highest interest return in the comparison example?
Taylor Anderson
What is essential for maintaining a good credit rating?
What is essential for maintaining a good credit rating?
Making payments on time consistently
Which characteristic is a red flag for pyramid schemes?
Which characteristic is a red flag for pyramid schemes?
Promise of quick, high returns with little risk
How is total interest calculated on a loan?
How is total interest calculated on a loan?
Total amount paid - Principal amount
What should you evaluate when comparing different loan offers?
What should you evaluate when comparing different loan offers?
Monthly payment, total paid, interest charged