1- Ali wants to set up a fund for his son's education such that he could withdraw $1,182.00 at the beginning of every 3 months for the next 2 years. If the fund can earn 2.30% compounded semi-annually, what amount could he deposit today to provide the payment? Round your answer to the nearest cent 2- Your RRSP savings of $45,000 are converted to a RRIF at 3.91% compounded monthly that pays $5,028 at the beginning of every month. After how many payments will the fund be depleted? Round to the next payment 3- Sophie purchased two trucks for her warehouse for a total of $54,000. This investment saved her $10,500 every year for 8 years. At the end of year 8, she sells both the trucks for a total of $11,000. a. What is the Net Present Value (NPV) of the investment if the required rate of return is 6%? Round to the nearest cent b. Does the investment meet the required rate of retur? Yes or No ? 4- Ali was offered two options for a car he was purchasing: Lease option: Pay lease amounts of $450 at the beginning of every month for 6 years. At the the end of 6 years, purchase the car for $13,500. Buy option: Purchase the car immediately for $28,500. The money is worth 8.00% compounded monthly. a. What is the Discounted Cash Flow (DCF) for the lease option? Round to the nearest cent b. Which is the better option? Lease Option Buy Option