Question 2 (20 marks) i Your best friend from school Billy Sing is in trouble with the law and needs money now. He was always mischievous. He would cheat and plagiarize on all his mid term exams. Billy is willing to give you $1,500 today in exchange for $10,000 in 30 years2 What would be the key considerations in answering this question? Would your answer depend on if this arrangement was made with the Government of Canada or your friend Billy2 Write a brief paragraph explaining your answer. ii. You just married your long-time partner Amrish Puti and are planning to have a child. You want to send your child to University nineteen years from now. The cost of this University degree is $350,000 and you have $60,000 to invest immediately. What must your rate of return be to cover your child's university education? Your best friend from school Billy Sing wants to know how long it will take him to quadruple his money? He has $1,000 to invest and can earn a rate of 4.42%