Your father wants to ensure that your daughter, just having been born on the 1st of January (today), can afford a Unlversity education as he doesn't trust you as far as money matters are concerned. He wants to pay her R100000 on her 18th birthday to enrol, R50 000 on her 19th and 20th birthdays to cover registration fees, and a monthly stipend of R3 Q00 for the 3 years it takes to study (payable at the beginning of each month). On completion of her study/graduation (end of December) he start her career. All the amounts are in today's start her career. All the amounts are in today's value terms, and he believes these amounts will increase with the inflation rate. He thinks that he can invest the money in a policy that inflation rate that averages 8% per annum over the whole period. Answer the question by calculating: [2] The present value of the annual enrolment and registration fees; [2] The present value of the monthly stipend; [2] The present value of the final R100 000; and [1] The total amount he needs to pay in today. [2] What is the physical amount that your daughter will receive at her graduation? [3] Given your own interest rate calculated in ii), would your dad need to pay in more or less? Provide a reason for your answer. Your father wants to ensure that your daughter, just having been born on the 1st of January (today), can afford a Unlversity education as he doesn't trust you as far as money matters are concerned. He wants to pay her R100000 on her 18th birthday to enrol, R50 000 on her 19th and 20th birthdays to cover registration fees, and a monthly stipend of R3 Q00 for the 3 years it takes to study (payable at the beginning of each month). On completion of her study/graduation (end of December) he start her career. All the amounts are in today's start her career. All the amounts are in today's value terms, and he believes these amounts will increase with the inflation rate. He thinks that he can invest the money in a policy that inflation rate that averages 8% per annum over the whole period. Answer the question by calculating: [2] The present value of the annual enrolment and registration fees; [2] The present value of the monthly stipend; [2] The present value of the final R100 000; and [1] The total amount he needs to pay in today. [2] What is the physical amount that your daughter will receive at her graduation? [3] Given your own interest rate calculated in ii), would your dad need to pay in more or less? Provide a reason for your