FV of an ordinary annuity 6. Mr. Graham is saving $450,000 per year in a savings account that is paying annual compound interest of 3%. He intends to continue this for three years after which he will move it to JMMB's long term fund which pays interest of 8% per annum compounded semi-annually. i. How much would he be able to transfer to JMMB after 3 years? ii. How much money will he have at the end of 8 years from today? marks) (3 marks) (3