Oshakati Limited is planning to save N$ XXXXXXXXXXper year for five years. The first deposit at the which is presently being made at the beginning of the year and all subsequent deposits, will earn...

Oshakati Limited is planning to save N$2 500 000 per year for five years. The first deposit at the which is presently being made at the beginning of the year and all subsequent deposits, will earn interest 12% per annum.

Required:

1. Calculate the future value for this annuity if interest is compounded semi-annually and Calculate the future value for this annuity if interest is compounded quarterly?