Question 1 Kiyra, who works at a financial firm, wants to invest $5,000 of her savings for a 4-year period. The Bank currently offers 5% per year compounded annually. (a) Calculate the value of her investment at the end of the 4-year period. (2 marks) (b) If the bank offered 5% per year compounded semi-annually, what is the value of the investment at the end of the 4-year period? (2 marks) (c) Calculate the annual yield for (a) and (b). (2 marks) (d) Calculate the present value of an annuity of $15,000 per year for five years, if the relevant discount rate is 8 percent. (2 marks) (e) Calculate the present value of a perpetuity which pays $16,000 annually with an appropriate discount rate of 7%. (3 marks) (f) A firm borrows $150,000 at 6 percent per annum and is required to pay off this loan in four equal payments. What is the required annual payment? (2 marks)