Question 2 (11 marks)

You have won a lottery which will pay $25,000 into your savings account annually over 10 years, with the first payment to be received at the beginning of the first year.

Required:

How much money do you have in your account after 10 years if the current market interest rates are 8.00 % per annum compounded annually?

ANSWER a):

ABC Ltd is a private corporation with developed and advanced ranges of technologies over the past five years. This company is considering entering the stock market. Discuss briefly and list the advantages of the corporation as a public listing. (5 marks)

ANSWER b):