PROJECT FINANCE AND COST MANAGEMENT

PLEASE ANSWER CORRECTLY!!

You are now 45years of age and wish to retire at the age of 55. Your existing pension fund is R5m (01Jan22) and grew the last 3 years constantly at 6.83%/yr. Before the last 3 years it constantly grew with 5.53% per year over a 4-year window. The projection is that for the next year it will grow at 1% more than the average of the previous 5 years and increases 1% per year constantly for 4years, and there after the projection is that it will grow 0.5%/yr better than the previous year for the thereafter next 5 years.

Question.3.b. [3]

Calculate the present value of your pension fund based on the future value growth predictions at a 6% constant inflation prediction for the next 10years (in million R to the second decimal).

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