2. A trust invests its money on a compound interest accumulating to 26.8% APR. It pays a monthly annuity of 1200 pcm. Study the amount the trust will additionally accumulate for a year if the annuity is cancelled by the fol- lowing plan. (i) Compute a monthly compound interest im accumulating to 26.8% APR. [2 Marks (ii) For every level payment of the annuity, compute the sum it will ac- cumulate by the end of the year when invested with the monthly compound interest im [5 Marks (iii) Compute the total sum accumulated by the money spent on the an- nuity. (1 Mark] (iv) Compute the price the trust can offer for cancelling the annuity in the beginning of the year if it still targets 26.8% APR on every operation. (2 Marks