Question No. 03: [10 Marks] a) How do you relate Series Compound Amount Factor to Sinking Fund Factor? A family wants to begin saving for a trip to Europe. The trip is planned for 03 years from now, and the family wants to accumulate $10,000 for the trip. If 12 deposits are made quarterly to an account which earns interest at the rate of 8 percent per year compounded quarterly, how much should each deposit equal? How much interest will be earned on their deposits? b) What are the ten roles of management according to Mintzberg, and how they are classified in to different groups? Discuss each role in detail with suitable examples. RUBRIC (Scoring guide) Developing Expressions Calculation Steps Final Answer 20% 20% 40% 20% Question No. 03: [10 Marks] a) How do you relate Series Compound Amount Factor to Sinking Fund Factor? A family wants to begin saving for a trip to Europe. The trip is planned for 03 years from now, and the family wants to accumulate $10,000 for the trip. If 12 deposits are made quarterly to an account which earns interest at the rate of 8 percent per year compounded quarterly, how much should each deposit equal? How much interest will be earned on their deposits? b) What are the ten roles of management according to Mintzberg, and how they are classified in to different groups? Discuss each role in detail with suitable examples. RUBRIC (Scoring guide) Developing Expressions Calculation Steps Final Answer 20% 20% 40% 20%