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 for years subsequent to retirement date You will undertake the policy through one of the major financial institutions which can earn a return of 6% per annum, interest tompounded monthly 18 marks] 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