very urgent

Question Eight (20 marks) After graduating from UGBS with a degree in Finance, Esi Attobrah got a position as the fund manager for a collective investment scheme operating in her town. Although she had several student loans to make payments on, her goal was to set aside funds for the next eight years in order to make a 20% down payment on a house. After considering the various surburbs, Esi chose East Legon as her desired future residency. Based on median house price data, she learned that a three-bedroom, two-bath home in the surburb of choice currently costs $98,000 Because it will be eight years before Esi buys a house, the $98,000 price will surely not be the same in the future. To estimate the rate at which the median house price wil increase, she considered the historical price appreciation in East Legon. In the past, home prices appreciated by nearly 4% per annum. Esi was satisfied with this estimation. Gold Coast Securities provided several opportunities for Esi to invest the funds that will be devoted to her goal. She chose a balanced fund containing stocks, bonds and T-bills earning 8% per annum. (0) Taking into consideration the fact that the $98,000 home price will grow at 4% per year, what will be the future median home selling price in East Legon in eight years? What amount l Esi have to accumulate as down payment if does decide to buy? (ii) Based on your answer above, how much must she deposit monthly into the account earning 8% to accumulate the required down payment. G. A. BOKPIN, A. Q Q. ABOAGYE, L. MENSAH, V. FIADOR & E. OFOSU HENE (ii)If Esi decides to make end-of-year payments instead, how large would the deposits be? Why is this amount different from the sum of twelve monthly instalments? (iv) If homes in East Legon appreciate by 6% per annum over the next eight years instead of the estimated 4%, how much would Esi have to deposit at the end of each month to make the down payment? What if the appreciation is only 2% per year? (v)If Esi decided to deposit her money in less risky certificates of deposit earning only 4%, how much would her monthly deposits be in order to make the down payment? What if she went for a more risky investment earning 12% per annum