(3) Kevin is planning to purchase a yacht upon his retirement to sail around the Caribbean. He invested $10,000 at the start of each year and will be retiring in 15 years'time. He earns interest of ank p.a; how much can Kevin spend on the purchase of his yacht upon his retirement? (5pts) (4) Jenny wants to purchase a land valued at $30,000 in the next 5 years. She can invest in a project that will vield interest at 6% p.a. How much must she invest annually? (5pts) (5) Stars Ltd has a mortgage of $120,000; interest 6% p.a, for 15 years, The company is making a monthly payment of 537.03 on the mortgage. The company had made payments cover 7 years. What is the outstanding balance on the loan? (6pts) (6) Catculate the effective annual rate for an investment that has a stated interest of 12% being compounded quarterly. (4pts) (7) Lisa is receiving $3,000 at the end of each year over the next 10 years from her bond investment. Using an interest rate of 9% p.a; calculate the value of her investment today. (5pts) (8) Calculate the present value of an investment with the following cash flows using 5% p.a discount ate: (9pts)