please answer b, c, d, e, thank you so much!

b)Estimate Pauls daughter education expenses at t = 8, 8.5, , and 11.5.

c) Estimate Pauls regular contributions while he is still payment the mortgage at t =

0.5, 1, and 3.

d) Estimate Pauls regular contributions while he has fully paid the mortgage at t = 3.5,

4, . and 11.5.

Section I - Stractaral questiems (Q1: 19 marks; Q2: 30 marks; Q3: 17 marks: Q4: 14 marks: 80 marks in total and it will tramedate to 10% of the everall mark of the modele) He intends to make an initial centritution of $500.000. After that, he telieres be can make 5t.o00 regular contribution for every 6-month (tartieg at to 05 ) while note of 38 . Afler repayment his morigape in 3 years' time, he believes he belieres the can make an extra comeribution of $7,300 per month (or 445,000 for every ofmonth (tarting at t=3.5 ). Agtia, this contritution is expected so goow with inflation newe. a. Assume then are wi estrin inerest and handing tharges, what will be the aminat he mods to repay the bunk if he wams to repay alt this marteage by 2 years? Pliste P.ovenary =55(1(1+ry1) where c,r and t are periodic puyment, periodic intetest rate and number of periods respectively. It is PNawem that a mavelagor ewes to a bank at eny time. JAawer the questien we a plain A4 paper| (4 maiks) AAawer the iquestion un a plain A4 pqper|. f. Cakulate the IRRR of the evimate cach flow. (1 marki) 4.Anvwer the quevisa on a plas A4 peper } it . . (56)es all the aiepo). 1 at 1 2 of 1 Paul is a social worker. He lives with his wife in a village in New Territories. He has an outstanding fixed mortgage payment of $15,000 per month for 5 years. The interest rate is fixed at 5% p.a. He wishes to advance his mortgage payment by two years by paying a lump sum (i.e. pay at Year 3). Paul and his wife, Pauline have a 10-year old daughter, Polly. They wish to send her daughter to a UK university for 4-year study in 8 years' time. It is expected to cost $250,000 for every 6-month in present value terms. Paul intends to make an initial contribution of $800,000. After that, he believes he can make $3,000 regular contribution for every 6-month (starting at t=0.5 ) while he is paying the mortgage. This contribution is expected to grow with an inflation rate of 3\%. After repayment his mortgage in 3 years' time, he believes he can make an extra contribution of $7,500 per month (or $45,000 for every 6-month (starting at t=3.5 ). Again, this contribution is expected to grow with inflation rate. Section I - Stractaral questiems (Q1: 19 marks; Q2: 30 marks; Q3: 17 marks: Q4: 14 marks: 80 marks in total and it will tramedate to 10% of the everall mark of the modele) He intends to make an initial centritution of $500.000. After that, he telieres be can make 5t.o00 regular contribution for every 6-month (tartieg at to 05 ) while note of 38 . Afler repayment his morigape in 3 years' time, he believes he belieres the can make an extra comeribution of $7,300 per month (or 445,000 for every ofmonth (tarting at t=3.5 ). Agtia, this contritution is expected so goow with inflation newe. a. Assume then are wi estrin inerest and handing tharges, what will be the aminat he mods to repay the bunk if he wams to repay alt this marteage by 2 years? Pliste P.ovenary =55(1(1+ry1) where c,r and t are periodic puyment, periodic intetest rate and number of periods respectively. It is PNawem that a mavelagor ewes to a bank at eny time. JAawer the questien we a plain A4 paper| (4 maiks) AAawer the iquestion un a plain A4 pqper|. f. Cakulate the IRRR of the evimate cach flow. (1 marki) 4.Anvwer the quevisa on a plas A4 peper } it . . (56)es all the aiepo). 1 at 1 2 of 1 Paul is a social worker. He lives with his wife in a village in New Territories. He has an outstanding fixed mortgage payment of $15,000 per month for 5 years. The interest rate is fixed at 5% p.a. He wishes to advance his mortgage payment by two years by paying a lump sum (i.e. pay at Year 3). Paul and his wife, Pauline have a 10-year old daughter, Polly. They wish to send her daughter to a UK university for 4-year study in 8 years' time. It is expected to cost $250,000 for every 6-month in present value terms. Paul intends to make an initial contribution of $800,000. After that, he believes he can make $3,000 regular contribution for every 6-month (starting at t=0.5 ) while he is paying the mortgage. This contribution is expected to grow with an inflation rate of 3\%. After repayment his mortgage in 3 years' time, he believes he can make an extra contribution of $7,500 per month (or $45,000 for every 6-month (starting at t=3.5 ). Again, this contribution is expected to grow with inflation rate