Suppose you are to receive the following cashflows in the future, at the times indicated belovw (a) Assuming that you deposit all cash flows into a savings account that earns interest at a rate of 3.6% nominal, convertible 12 times per annum, what is the accumulated value of your savings in exactly 21 years time? Hint: Use Excel! Cashflow Time from no Time from no 0.25 0.5 2.5 Cashflow 9,506 2.443 41,377 5,169 w (vearS 8,154 10,450 7,432 49,534 13 13.25 14.5 15 15.5 18 19.5 19.75 75 2.416 55,921 5,665 59,203 4,253 2,400 21,767 6,715 4.25 12.75 (b) Repeat part (a), but with the following interest/ earning rates applying: [i] 1) 7.3% [ii] .s)-7.3% [iii] 2)-7.3% [iv] d(4)-7.6% (c) What does the interest/earning rate have to be, in order for the accumulated value in 21 years' time to be equal to S1 million? Give your answer in terms of i, the annual effective rate of interest, to 3 significant figures