1. Given that net profit is R2 100, profit before interest and tax is R2 800, revenue is R16 000, assets are R16 000 (of which R6 000 are current assets), current liabilities are R2 000, purchases are R10 000, and interest is R700, what is the firm’s interest cover?
2. What is the monthly payment on a 20-year bond if the interest rate is 12% per annum, compounded monthly, and the value of the property is R2 million?
3. An investor deposits R3 000 into an account that yields 7.75% per annum compounded monthly. What is the value of the investment after five years?