Question: Hi, please help me step by step complete scenario 2. A friend of yours opens a savings account and immediately invests R15,000 in the account.

Hi, please help me step by step complete scenario 2.

Hi, please help me step by step complete scenario 2. A friend

of yours opens a savings account and immediately invests R15,000 in the

account. Thereafter your friend decides to invest an amount of R625 at

the end of each month in the same savings account. The monthly

A friend of yours opens a savings account and immediately invests R15,000 in the account. Thereafter your friend decides to invest an amount of R625 at the end of each month in the same savings account. The monthly investments will be made for a total of 5 years and the savings account earns interest at a rate of 6.7% per year. Do the following for each of the scenarios below: Complete the table, calculate the accumulated value at the end of 5 years, as well as the present volue at the start of the period. Scenario 1: Scenario 2: Scenario 3: The monthly investments remain constant over the 5 years. The monthly investments increase every month with 0.80%. The monthly investments increase every quarter with 3.0%. Draw a graph where you compare the growth in the savings account under each of the three scenarios. (Include all 3 scenarios in 1 graph) Scenario 2 Rentekoers / Interest Rate Aanvanklike Belegging / Initial Investment Maandelikse Belegging /Monthly Investment 1P/p = Opgehoopte Waarde / Accumulated Value Stygings % 0 7 Increase % 0) Huidige Waarde / Present Value Period (Monthly) Begin Rente / Interest Einde / End 2 3 4. 5 6 1 7 8 9 10 M N Period (Monthly) Begin Rente Interest Einde / End 5 6 1 7 10 11 12 13 2 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3 32 36 30 3 35 38 39 42 4 43 49 L5 51 52 53 54 55 56 57 58 59 60

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