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(a) Table Q4(a) shows an investment plan that pays out $10k, $12K and $14k respectively on the 10th, 11th and 12th year, respectively. Assume the

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(a) Table Q4(a) shows an investment plan that pays out $10k, $12K and $14k respectively on the 10th, 11th and 12th year, respectively. Assume the interest rate to be 12%. Year 0 1 2 3 4 5 6 7 8 9 10 Cashflows ? 0 0 0 0 0 0 0 0 0 $10k Table Q4(a) Cash Flow Stream of Investment Plan 11 $12k 12 $14k Determine the amount required to be deposited in year 0 in order to earn the payment amounts on 10th, 11th and 12th year as indicated in Table 4(a). (5 marks) (ii) Assume that yearly payments are collected for 10 years to qualify for the payments on 10", 11" and 12 year as indicated on Table Q4(a). Determine the amount of this yearly payment

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