please answer 2.1 2.2 2.3

QUESTION 2 [4] Ms Mary Ngidi, a very successful South African business woman, has a net worth of R150 million. She is very passionate about sport and would like to make scholarships available to deserving young athletes. She approached UI, who provided her with the following average annual costs for a student to enrol for an undergraduate degree: [ UJ predicts that this amount will not change in the future, due to expected Government subsidies. Mary Ngidi would like to award scholarships to 10 deserving students every year, indefinitely. 2.1 What is the estimated average annual cost, including all the provisions listed above, for one undergraduate student to enrol at UJ? [1] 2.2 How much capital does Mary Ngidi have to set aside every year in order to provide scholarships for 10 deserving students, based on the result from 2.1 above? [1] 2.3 How much capital must Mary Ngidi invest with Pinnacle Commercial Bank, if they would provide an interest rate of 6%, compounded annually, indefinitely, in order to provide scholarships indefinitely? [2] QUESTION 2 [4] Ms Mary Ngidi, a very successful South African business woman, has a net worth of R150 million. She is very passionate about sport and would like to make scholarships available to deserving young athletes. She approached UI, who provided her with the following average annual costs for a student to enrol for an undergraduate degree: [ UJ predicts that this amount will not change in the future, due to expected Government subsidies. Mary Ngidi would like to award scholarships to 10 deserving students every year, indefinitely. 2.1 What is the estimated average annual cost, including all the provisions listed above, for one undergraduate student to enrol at UJ? [1] 2.2 How much capital does Mary Ngidi have to set aside every year in order to provide scholarships for 10 deserving students, based on the result from 2.1 above? [1] 2.3 How much capital must Mary Ngidi invest with Pinnacle Commercial Bank, if they would provide an interest rate of 6%, compounded annually, indefinitely, in order to provide scholarships indefinitely? [2]