[1] BUS286 S2 2024 Assignment and Guidelines Group Assignment (Internal students) Total mark: 45 (Assessment weight: 20%) Submission: 11 October 2024 (11.59 PM) The problems in this assignment are from topics covered in this unit; however, to complete this assignment successfully you will need to go beyond the end-of-chapter workshop problems. You may also need to consult other texts and resources. You need to show your working and/or methodology. Please ensure that you thoroughly review the unit guidelines regarding the assignment requirements and assessment criteria. Introduction (5 marks) Problem 1: Time value of money [5 marks] You plan to start saving for a family vacation that you want to take in a few years. The vacation will cost $8,000 when you go. You plan to make an annual deposit into a savings account that earns 6% interest, compounded annually, with the first deposit at the end of this year. You will make identical deposits at the end of each year, with the final deposit made the year before the vacation. If an annual deposit of $2,500 will allow you to reach your goal, how many years from now will you take the vacation? Assume annually compounded 6% interest in your calculation. Problem 2: Evaluating an investment decision (Mark: 10) Alexa Nationwide Industries Ltd is a large company with interests in mining, shipbuilding, entertainment, food processing and interstate freight haulage. Its food processing division is investigating the possibility of adding manda