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A financial advisor recommends you a savings plan according to which you will make a payment of 5 0 0 every 6 months for 5

A financial advisor recommends you a savings plan according to
which you will make a payment of 500 every 6 months for 5 years and guarantees a nominal return 2% per annum and compounded semi-annually. The 1st payment will be made today and the last one in 4.5
years (total of 10 payments). You will receive the savings amount in 5 years from today.
Calculate:
i) How much money will you receive at the end of 5 years?
ii) If you were given the option to deposit a lump sum today, what amount would you have to deposit so that at the end of 10 years you would receive the same amount as in question i. Without making any other interim deposits?
**Please show workings also in an excel file.

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