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Question 1 a) Samuel want to invest GHC100.00 now and expect to generate returns of GHC150.00 after 10 years. At what interest rate should he

Question 1 a) Samuel want to invest GHC100.00 now and expect to generate returns of GHC150.00 after 10 years. At what interest rate should he invest? b) Assume Samuel want to investment GHC100 now at the rate of 4.14% to enable him go on holiday in the Caribbean. How long, should he invest? c) Explain why an annuity due has a higher present value than an ordinary annuity.

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