II. Chapter 2. Problem 4. [6 pts] How much money will Wilson have after 15 years if he invests $2,500 at the beginning of each month and is able to earn a rate of return of 10% compounded daily on his investment? (Show your calculations) Problem 5. [6 pts] Mr. Slow's goal is to pay down his student loan in 5 years. The balance today is $19,534. If he is charged a rate of 6%, compounded monthly, what will be his monthly end-of-period payment? (Show your calculations) Problem 6. [6 pts] Hassan wants to establish a savings fund from which a Light & Love Home charitable organization in Victoria could draw $3,500 at the beginning of each month for 30 years. If the account earns 6% (compounded weekly), what amount does Mr. Hassan have to deposit now to achieve this noble goal? (Show your calculations) III. Chapter 3. Problem 7. [8 pts] Kentaro has the following data and calculate his total assets, total liabilities and the net worth. Stock Investments = $1800 Credit card balance = $500 Jewellery = $1000 House furniture = $800 Consumer loan balance = $600 Current value of automobile = $6000 Cash in chequing account = $1200 Balance in savings account = $3500 Other liabilities = $750 Compute his debt ratio and debt-to-asset ratio? (Show your calculations) Problem 8. [9 pts] Albert is 28-year-old healthcare specialist living in Pickering. He recently graduated from Ontario Tech University and now works, as an independent professional, at S&G private health care facility. Like many students, Albert accumulated a large student debt during his years at university and plans to pay it off within the next five years. Perform a ratio analysis of Albert's financial statements (debt ratio, debt-to-asset ratio, current ratio, liquidity ratio, debt-payments ratio, saving ratio). What does your analysis reveal? Albert's Personal Balance Sheet As of Today Assets Liquid Assets Bank account $ 1.540 Personal Possessions $10.280 Investment Assets BCE shares $ 3.025 Total Assets $14,845 Liabilities Current Liabilities Credit card balances $ 7.855 Long-Term Liabilities Student loan 20,580 Total Liabilities $28,435 Net Worth (513,590) BUSI 3430-Smimou-Summer 2024 Page 2 of 4