01: Cheng Lai can obtain a rate of return on his savings that will enable him to reach his target deposit, if he commits to a savings plan that runs for five years (rather than three) with no scope for early withdrawals. Identify two financial disadvantages of waiting an extra two years before offering the deposit to buy a first home. (4 marks) 02: How will Cheng Lai's efforts to save for a deposit be affected if there is a sharp rise in interest rates which causes a fall in house prices? (4 marks)