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As of 10th September 2020, National Pension Scheme Authority (NAPSA) reviewed the contributions covering domestic workers, shop workers and general workers respectively to 10% on

As of 10th September 2020, National Pension Scheme Authority (NAPSA) reviewed the contributions covering domestic workers, shop workers and general workers respectively to 10% on account of the adjusted minimum wage. Therefore, the minimum NAPSA monthly contribution representing 10% of the employees gross pay shared equally at 5% is as follows:

a. Domestic workers is K99.36

b. Shop and general workers is K169.86

This has increased the future contributions payout as they fall due to members. Assuming this has made NAPSA revisit the investment profile to match future liabilities is as follows:

Financial Asset

Weight

Bonds

70%

Money market Treasury bills

10%

Money market deposits

20%

If NAPSAs investment in the three Financial Assets sums up to K1.3 million and received K 10,400 interest earning on a 3 months Money Market deposit investments, What is the invested amount in Bonds, Treasury bills, Deposits and the interest rate on the Money Market deposit investment?

a.

Money market deposit K 260,000.00 Treasury Bills K130, 000.00 Bonds K910, 000.00 Interest rate; 40%

b.

Treasury Bills K130, 000.00 Bonds K 700,000.00 Money market deposit K910, 000.00 Interest rate; 40%

c.

Money market deposit K 260,000.00 Treasury Bills K130, 000.00 Bonds K910, 000.00 Interest rate; 4%

d.

Treasury Bills K130, 000.00 Bonds K 800,000.00 Money market deposit K130, 000.00 Interest rate; 4.5%

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