Question: If you can answer it asap that would be great. Thanks! Q1 You open a bank account today (06th April 2022) expecting that your dad

If you can answer it asap that would be great. Thanks!

Q1 You open a bank account today (06th April 2022) expecting that your dad will credit your account three years later. If indeed your dad puts in CHF 15'500, how much money will have in your account after 10 years if your earn 6% interest semi-annually compounded? 1 Q2 Your dad has been asked to retire today and take his retirements benefits either as a lump sum or as an annuity. The pension officer presents him two alternatives: An immediate lump sum of CHF 2 million An annuity with 20 payments of 200'000 each year starting today The interest rate at your bank is 7% per year annually compounded. Which option would you recommend your dad to take

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