2.8 A couple plans to set aside R2 000 per month in a conservative portfolio

projected to earn 7% a year, compounded monthly. If they make their first

savings contribution at the end of the month, how much will they have at the

end of the 20 years? (2)

2.10 What is the difference between the future value of R80 500 invested over a

15-year period at 8% interest compounded annually, and 8% interest

compounded quarterly? (2)