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Q1. a) At the end of 3 years, how much is an initial deposit of N1000 worth, assuming a compound annual interest rate of (i)

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Q1. a) At the end of 3 years, how much is an initial deposit of N1000 worth, assuming a compound annual interest rate of (i) I00\% 10% and (iii) 0% (25 Marks) (ii) b) N 1000 is to be received at the end of 1 year, N500 at end of 2 years, and N 100 at end of 3 years, What is the aggregate present value of these receipts assuming a discount rate of (i) 4% ? (ii) 25% ? (15 Marks)

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