Q2. i) Q3 What is the present value of an offer of $14,000 one year from now if the opportunity cost of capital (discount rate) is 11% per year nominal annual rate compounded monthly? 7marks i) If Bright invest $500 in an investment fund today and $600 in one year. If the fund pays 9% annually, how much will you have in two years? 5 marks ii) ii) If you invested $15,000 at one point in time and received back $30,000 five years later, what annual interest (or growth) rate (compounded annually) would you have obtained? 5 marks What is the future value of $25,000 which grows at a nominal annual interest rate of 11% per year, compounded monthly, for two years? 8 Marks iii) Write short notes on shareholders and stakeholder wealth maximization 12 marks iii) iv) What is the effective annual rate (EAR) of 8% simple nominal annual rate when compounded monthly? 7 marks 200,000,000 is deposited into savings account, interest is paid at 8.5% pa. Compounded annually. How long will it take for the principal to double? 8 marks iv) An investor puts in GHC 10,000 into an investment account for 10 years. The annual rate of interest is 15% for the first 4 years, 12% for the next years and 9% for the final 2 years. How much will the investment be worth at the end of 10 years? Q4 i) Financial Markets are very crucial to the development of