Question: Part B: Full Solution Questions (Show all your work). 1. Justin would like to have $7,000 in 5 years. How much would he need to

Part B: Full Solution Questions (Show all your work). 1. Justin would like to have $7,000 in 5 years. How much would he need to invest today at 5.25%, compounded semi-annually? (I: 4 marks) APCR)" A-7,000 (1.02625) '0 A = 9,070.477,000 P-7000 R-5.25/100 = 0.0525/2 = 0.02625 N=2x5 10 = $2,070.47 the amount of an

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