Ver me vol FIN2001 Financial Management Home Assignment 2 (Topic 4 & 5) Print out this question paper, handwrite the workings and answers in the space below each question, hand in the hard copy of this paper in dless 1. A bank is newly established and offers savings deposits rate of 3% compounded semi-annually If you deposit $50,000 into that account, how many years will you have to wait until your account is worth $70,000? (3 marks 2. You need $200,000 for a new house in 6 years. If you could earn 0.8% per month, how much will you have to deposit today? (3 marks) 3. At 5% interest rate compounded quarterly, how many years does it take to qundruple your money? (3 marks) 4. An investment guarantees that you can receive back $9,000 five years later by investing $6,000 today. What interest rate do you can if the rate is compounded annually? (marks) 5. Suppose there is an investment project with the following cash flows to be received at the end of next three years If the interest rate is 8 percent Year Cash Flow 1 $600 2 900 3 1.300 While the value of these cash laws at the end of Year 3? disor Syed to be contre had the best per year Anime is great contact that pays 3.000 The to S. this is wher What is the prese value of the cash flow of 5.000 each beginning in 5years Assume the discos 6 )