Ronaldo places $3300 in a savings account paying 10 % interest compounded annually. He wants to know how much money will be in the account at the end of Nine years. (5: Marks)

b) Messi wishes to find the present value of $ 4,500 that will be received 11 years from now. Messi opportunity cost is 8%. (5: Marks)

c) An investment portfolio is any collection or combination of financial assets. Based on our class discussion, briefly explain /.why the investors will prefer to hold portfolios?