You are a financial advisor at Finanza Ltd. ("Finanza"). A portion of both regular and once-off clients are allocated to you to assist with any financial-related queries and concerns they may be experiencing or financial advice they may be seeking. The following cases have been allocated to you for assistance: Ms. G. Du Randt Ms. G. Du Randt, a 28-year-old female, is a salary recipient at her place of employment. As Ms. G. Du Randt is a forward-looking individual, she deems it wise to start paying a portion of her salary into a retirement fund. She has familiarised herself with various, established financial institution's retirement funds and is particularly interested in one of them. This particular retirement fund offers a return of 9.5% interest per year compounded semi-annually. According to its other terms, Ms. G. Du Randt will receive a quarter of the cumulated amount in the fund at the time of retirement as a lump sum payment. The remainder of her fund will be paid to her as payments of R108 000 each, every six months for 32 years. From your communications with Ms. G. Du Randt, you have determined that she wishes to retire at the age of 65 years. Mrs. W. Coomans Mrs. W. Coomans bought a house to the value of R1.23 million 6 years ago. She paid a deposit of R57 000 on the house. To finance the remainder, she obtained a loan from Daily Bank which is subject [o 11.4% per annum monthly compounding interest rate. As agreed with the bank, Mrs. W. Coomans has to make equal monthly payments to Daily Bank at the start of each month over a 42-annum period. As a result of the financial impact of the recent COVID-pandemic, Mrs. W. Coomans will no longer be able to meet the agreed payments. She reached out to Daily Bank and after negotiations it was agreed that the interest rate will proceed as an interest of 10.8% per annum monthly compounding, going forward. Mr. A. Gumede Mr. A. Gumede was a director at Zeedew Ltd. for several years. Recently, Mr. A. Gumede has however decided to resign and move on to a new venture. According to his farewell package, Mr. A. Gumede will receive a payment at the beginning of each quarter of R38 400 which decreases by 8.5% per payment, for 2 years. The general investing interest rate in the market is 10.7% annually compounding. REQUIRED: 2.1. Refer to Ms. G. Du Randt's case. Determine the amount of money that Mrs. G. Du Randt must pay into her retirement fund every six months. (16 marks) 2.2. Refer to Ms. G. Du Randt's case. Considering the amount which Ms. G. Du Randt must pay into the retirement fund every six months, calculate the amount of her salary which she must personally put aside every month in order to pay the required amount into the retirement fund. (2 marks) ( 2 marks) 2.3. Refer to Mrs. W. Coomans's case. Assist Mrs. W. Coomans by determining the Rand value of the reduction in her monthly payments. ( 23 marks) 2.4. Refer to the Mr. A. Gumede case. Assist Mr. A. Gumede by determining the current value of his farewell package. (12 marks) Remember to round to two decimals, where required (as per instructions on the cover page). You are a financial advisor at Finanza Ltd. ("Finanza"). A portion of both regular and once-off clients are allocated to you to assist with any financial-related queries and concerns they may be experiencing or financial advice they may be seeking. The following cases have been allocated to you for assistance: Ms. G. Du Randt Ms. G. Du Randt, a 28-year-old female, is a salary recipient at her place of employment. As Ms. G. Du Randt is a forward-looking individual, she deems it wise to start paying a portion of her salary into a retirement fund. She has familiarised herself with various, established financial institution's retirement funds and is particularly interested in one of them. This particular retirement fund offers a return of 9.5% interest per year compounded semi-annually. According to its other terms, Ms. G. Du Randt will receive a quarter of the cumulated amount in the fund at the time of retirement as a lump sum payment. The remainder of her fund will be paid to her as payments of R108 000 each, every six months for 32 years. From your communications with Ms. G. Du Randt, you have determined that she wishes to retire at the age of 65 years. Mrs. W. Coomans Mrs. W. Coomans bought a house to the value of R1.23 million 6 years ago. She paid a deposit of R57 000 on the house. To finance the remainder, she obtained a loan from Daily Bank which is subject [o 11.4% per annum monthly compounding interest rate. As agreed with the bank, Mrs. W. Coomans has to make equal monthly payments to Daily Bank at the start of each month over a 42-annum period. As a result of the financial impact of the recent COVID-pandemic, Mrs. W. Coomans will no longer be able to meet the agreed payments. She reached out to Daily Bank and after negotiations it was agreed that the interest rate will proceed as an interest of 10.8% per annum monthly compounding, going forward. Mr. A. Gumede Mr. A. Gumede was a director at Zeedew Ltd. for several years. Recently, Mr. A. Gumede has however decided to resign and move on to a new venture. According to his farewell package, Mr. A. Gumede will receive a payment at the beginning of each quarter of R38 400 which decreases by 8.5% per payment, for 2 years. The general investing interest rate in the market is 10.7% annually compounding. REQUIRED: 2.1. Refer to Ms. G. Du Randt's case. Determine the amount of money that Mrs. G. Du Randt must pay into her retirement fund every six months. (16 marks) 2.2. Refer to Ms. G. Du Randt's case. Considering the amount which Ms. G. Du Randt must pay into the retirement fund every six months, calculate the amount of her salary which she must personally put aside every month in order to pay the required amount into the retirement fund. (2 marks) ( 2 marks) 2.3. Refer to Mrs. W. Coomans's case. Assist Mrs. W. Coomans by determining the Rand value of the reduction in her monthly payments. ( 23 marks) 2.4. Refer to the Mr. A. Gumede case. Assist Mr. A. Gumede by determining the current value of his farewell package. (12 marks) Remember to round to two decimals, where required (as per instructions on the cover page)