Question 2 Pluto CC borrows N$2 000 000, repayable over ten years at 9% per annum with annual compounding and equal annual payments, how much of the loan will be outstanding after three years? [5 marksi Question 3 You are considering investing in a fund whereby you will receive one third of the accumulated sum as a single sum payment in 30 years time on retirement date, and a monthly income of N$24 000 fos O years subsequent to retirement date You will undertake the policy through one of the major financial institutions which can eam a return of 6% per annum, interest tompounded monthly. 18 marks) 12 Question 4 On his son's 12th birthday a father wants to invest a certain amount to enable him to withdraw N$8 000 each quarter from his 17th to his 21st birthday Calculate the sum he will have to invest if compounded interest is reckoned at 12% per annum, compounded quarterly 18 marks Question 5 At the birth of his daughter, a man invested N$1 000 at 6% pa compounded annually. What amount would accrue to her if she left the money invested until she attained the age of (a) 18 years, (b) 21 years. (c) 40 years, (d) 60 years? 18 marks