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QUESTION 2 (20 Marks) 1. You need $30,000 to buy a new Air-Con for your house in 4 years. What value you must have now

QUESTION 2 (20 Marks) 1. You need $30,000 to buy a new Air-Con for your house in 4 years. What value you must have now if the compounded annually return is 10%. 2. Your father placed $50,000 in a trust fund for you. In 12 years what will be the worth of the savings. If the estimated rate of return on the trust fund is 7%?

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