Question 2 Bob retired nine years ago with a superannuation payout of $360 000. When Bob retired he set-up a 30-year pension fund from which he receives a cheque each fortnight. The interest rate he has been receiving is 5.2% p.a. compounding fortnightly. a. Find the value of each fortnightly cheque he is currently receiving. 3.5 marks b. Find the amount still in the fund at the present time. 2 marks Find the new amount that Bob would receive now if the fund's interest rate is now reduced to 4.9% p.a. compounding fortnightly. 3 marks