Johan places $1200 in a savings account paying 7% interest compounded annually. He wants to know how much money will be in the account at the end of ten years. (5: Marks) b) Joseph wishes to find the present value of $ 2,500 that will be received 10 years from now What is the opportunity cost for Joseph 8% (5 Marks) An investment portfolio is any collection or combination of financial assets. Briefly explain why the investors will prefer to hold portfolios? (5 Marks)