Can you help me answer these question.

_'" ' " \\_ "'_'"'_.l' George is 22 years old and has recently completed a Bachelor of Commerce at Deakin University. He has decided to put his learnings into practice and wishes to commence his investmentjourney. He completed two internships during his University years. As a result of his hard work, he secured a role at Goldman Sachs earning $90 000 per annum after tax. Assume the income will stay the same over the next 4 years. George's parents advised him to put all his money in property due to their own success in the property market. However, George has decided he would like to invest in BOTH shares and propegy. i) Explain the benefits of George's approach. (1 mark) George plans to use 50% of his salary after - _deposit on his first home. He plans to contribute to his high interest savings bank account at the end of every month for the next 4 years. His bank account earns 2% pa. interest compounding monthly. ii) How much will George have saved after 4 years? Show formula, variables calculations and a concluding statement in your response. {0.5 x 4 = 2 marks) George has planned ahead and identified his dream house purchase in 4 years' time. The current value of the house is $690 000. It is expected that the house will increase in value at a rate of 4.5% p.a. iii) Does the amount saved in part (ii) meet the 20% requirement from the bank as a deposit at the end of year 4? Show form ula, variables, calculations and a concluding statement in your response. {0.5 x 4 = 2 marks) iv) How much does he need to borrow from the bank at the end of year 4 to buy the house? (Assume George will use all of his savings from part II above) (1 mark)