QUESTION 4: [20] A company is saving for its machinery upgrade by depositing R250 000 each yea investment account earning an annual interest rate of 9% compounded monthly Required; If the upgrade will cost R3 500 000 in after 10 years, will the company's savings ii. If the company want to have an exact amount to offset the cost, how much sho every year for 10 years? The company's machinery could however not maintain the company's desired prompting the need to upgrade the machinery after 5 years. If the upgrade costs R1 500 000, calculate the amount of money that the company should borrow to iv. If the company is depositing R250 000 each year and still wants its savings to E the upgrade after 5 years, determine the interest rate that the savings should ea QUESTION 4: [20] A company is saving for its machinery upgrade by depositing R250 000 each yea investment account earning an annual interest rate of 9% compounded monthly Required; If the upgrade will cost R3 500 000 in after 10 years, will the company's savings ii. If the company want to have an exact amount to offset the cost, how much sho every year for 10 years? The company's machinery could however not maintain the company's desired prompting the need to upgrade the machinery after 5 years. If the upgrade costs R1 500 000, calculate the amount of money that the company should borrow to iv. If the company is depositing R250 000 each year and still wants its savings to E the upgrade after 5 years, determine the interest rate that the savings should ea