2.1) Amanda recently graduated from Stellenbosch University and is currently doing her internship. She is 23 years old. She wants to buy a BMW X3 when she turns 30 years old. The vehicle is currently valued at R720, 000 but with inflationary expectations at 4%, she expects the vehicle to cost somewhat more when she purchases the vehicle. She wants to put down a deposit of 30% at purchase date but intends putting money aside towards the deposit. A bank is willing to offer her 7% pa compounded monthly on any savings. She expects that ABSA Vehicle Finance to offer her favourable terms of 10% pa compounded monthly over five years to cover her repayments. a) What amount of money does she need to put aside towards the deposit? (3) b) What will her repayments be? (2) 2.2) The last dividend paid by a Gant company was R2. The growth rate is expected to be 10% for the first 2 years, after which dividends are expected to grow at a rate of 7% forever. The companys shareholders require a rate of return on equity (rs) of 12%. What is the current price of the share? (5)