Mini-Case Cameron Williams, 25, is a very organized person. He has re- per annum, and now wants to ensure that he saves for all his a very young age and has saved a total of 30,000, which has been invested in government bonds paying spela interefore the esture life goals. His employer participates in a workplace pen turns 30. He has estimated that this will cost him around Ton scheme and matches up to 4 percent of salary contribution 22,000. He expects to save 8.000 in the next three years and wward the pension. Cameron also wants to buy a house as soon take a personal loan for the remaining amount to achieve his as possible and feels that he will need 20,000 as a down pay dream holiday plan. ment toward his first home. He has been working part-time from Questions age of 65? 1. Explain to Cameron how much an investment of 10,000 3. What will be the value of his savings if he withdraws will grow in 40 years if it earns 8 percent per annum and 20,000 for his house purchase when he is 30 and leaves advise if it's beneficial for him to join his pension plan as the remaining in the same investment till he retires at the early as possible, 2. Assuming that he can earn 6 percent on his savings, how 4. How are compounding and discounting related? much does Cameron need to deposit now to cover the 5. Suggest two ways by which Cameron can have a higher amount of his contribution in three years' time? How much amount available to him at the time of his retirement will he need if he can earn 11 percent on his savings