A$.$ i$.$ Define the term, money.

i$.$ Briefly describe TIIREE $(3)$ functions of money.

$($I mark$)$

$(3$ marks$)$

B$.$ Describe ONE $(1)$ factor that infloences nominal interest rate.

C$.$ Augustas Henri deposited a sum of money in Money Max, an investment company, which he intends to invest for three years at an interest rate of $15\%.$ How much would he have deposited if he wanted to have $$500000$ at the end of three years?

$($S marhs$)$

D$.$ Max Deslandis is saving towards his wedding in $2023$ December. He deposits $$300000$ in a term deposit at Maximus Bank in $2018$ Janary. Given that the existing interest rate is $10\%,$ how much will he accurnulate in time for his wedding?

$(5$ marks$)$

E$.$ Tom Stokes won $$1000000$ in a $ weopstake in $2018$ January. This amount will be paid in a five$-$year annuity with the first payment in $2018$ December. How much will each pugment be if the market interest rate is $10\%?$

$(8$ marks$)$

F$.$ Julia Smithson is saving towards her university education. She plans to deposit $$100000$ per year for three years at a rate of $$\%.$ How moch will Julia reccive at the end of the three years, if deposits are made at the beginning of each year?

$(6$ marks$)$

$($Total $30$ marks$)$