Harriet just inherited $50,000,000. She knows nothing about money management and has decided to educate herself in that area before making any major decisions. She has a short-term investment for that period. She has the choice between two investments:

Investment A: at 6.5% compounded daily

Investment B: at 7% compounded semi-annually

i. Which option should she choose and why?

B. Harry is saving towards the down payment on a house. If he accumulates $5,000,000, his parents have offered to match his savings. He invests $2,000,000 at 9%.

i. How long will it be before he can approach his parents for their contribution?

C. Jabari is planning for his retirement in 5 years time. He plans to deposit $200,000 immediately into an investment plan that promises 11% annually. He will deposit $30,000 and the end of each of the next five years. i. What will be the value of the investment when Jabari retires in 5 years?