Q1. you put in GH¢ 10,000 today in an investment account that will yield 10% p.a. for 4 years. What is the size of this investment? Q2. You need GH¢ 15,000 at the end of year in order to pay for MBA...

Extracted text: Q1. you put in GH¢ 10,000 today in an investment account that will yield 10% p.a. for 4 years. What is the size of this investment? Q2. You need GH¢ 15,000 at the end of year in order to pay for MBA course and graduation. Interest rate currently runs at 20% p.a. how much should you set aside today? 4 Q3. How long will take you to quadruple your amount if the interest rate is 10%.


Extracted text: The executor of your father's Will has offered you the following options' i. GH¢ 50 million now ii. GH¢ 120 million in 8 years time iii. GH¢ 10 million at the end of each year for the next 8 years iv. GH¢ 5 million forever v. GH¢ 10 million at the beginning of each year for the next 8 years. If the existing discount rate is 10% which of the options will you accept.