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Question 1. Racheal has won herself a prize worth K40,000.00 to be paid out exactly after two years. Racheal is then offered K15,000,00 as consideration

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Question 1. Racheal has won herself a prize worth K40,000.00 to be paid out exactly after two years. Racheal is then offered K15,000,00 as consideration for her agreement to sell the right to receive the prize. The interest rate is 15% and is compounded on a semi-annual basis. As a corporate finance student, determine if Racheal should accept the offer? Justify your answer. Question 2. Mwila invested K10,000.00 in a savings account that is accumulating interest 29% compounded quarterly that she intends to withdraw once she graduates. The balance in the account immediately after the latest quarter's interest credit is K40,545.81. She invested this money when she started her first year at UNILUS as a medicine major. How long ago was Mwila in first year

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