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1. New FIFA games are always released on the 30th of September every year, you are an aspiring industrial engineering graduate living in Rural South

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1. New FIFA games are always released on the 30th of September every year, you are an aspiring industrial engineering graduate living in Rural South Africa and there is VERY high demand of the product in your area. You are intending to meet the demand with a start-up of R540000, Based on your projections, At the end of the first week, you have revenues of R1,2M and expenses of R100000.In the second week your revenues are R1,1M and your expenses are R300000. In the third week your revenues are 1,5M and your expenses are R450000. In the fourth week, your revenues are R1,4 M and your expenses are R480000. You have a checking account earning 1,9\% annually compounded weekly. i. After deducting all the relevant expenses per week, how much money do you have at the end of the four weeks? (12 Marks) ii. What is the minimum balance of the account over those four weeks? (2 Marks) iii. Does it ever drop below R540000? (1 Mark) 1. New FIFA games are always released on the 30th of September every year, you are an aspiring industrial engineering graduate living in Rural South Africa and there is VERY high demand of the product in your area. You are intending to meet the demand with a start-up of R540000, Based on your projections, At the end of the first week, you have revenues of R1,2M and expenses of R100000.In the second week your revenues are R1,1M and your expenses are R300000. In the third week your revenues are 1,5M and your expenses are R450000. In the fourth week, your revenues are R1,4 M and your expenses are R480000. You have a checking account earning 1,9\% annually compounded weekly. i. After deducting all the relevant expenses per week, how much money do you have at the end of the four weeks? (12 Marks) ii. What is the minimum balance of the account over those four weeks? (2 Marks) iii. Does it ever drop below R540000? (1 Mark)

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