1.1 Name the five elements that affect the time value of money. Indicate the common symbol used for each element and briefly explain each element. (10 marks) 1.2 Name two other terms that are used to refer to the rate used to increase the present value to its equivalent future value or decrease the future value to its equivalent present value. Briefly explain the context in which each term is used. (4 marks) 1.3 Determine the future value of N$2 000 invested each year for five years at 15% per year. The first deposit is only made at the end of the first year and interest is compounded annually. (3 marks) 1.4 Determine the future value of RN$ 000 invested each year for five years at 15% per year. The first deposit is made at the beginning of the first year and interest is compounded annually. (3 marks)