The share price of Westfarmers is currently $48.97 and the predicted dividend yield is 3.2%. What would be the dividend, correct to the nearest cent?

Question 7 (2 marks)
Find the future value of the amount $7600 invested at 7.5% p. a. interest, compounded monthly for 3 years.

Question 8 (2 marks)
Ben bought a Mazda 2 for $18 500. The car depreciates at 23% p. a. Calculate the value of the asset after 3 years to the nearest dollar.

Question 9 (2 marks)
A sum of money was invested at 6% p. a. interest, compounded monthly, for 4 years. If the future value is $32 700, find the present
value.

Question 10 (2 marks)
What annual rate of compound interest is paid if $65 000 accrues to $87 260.60 in 8 years?

Question 11 (2 marks)
A diamond, bought in July 2004 for $6200 appreciated at the rate of 12% p. a. What was its value when it was sold in July 2018?