Question: PLease assist with part 2 and part 3 Question 3 3.1 3.2 You have a savings account with R 10 000 in it. The account

PLease assist with part 2 and part 3
Question 3 3.1 3.2 You have a savings account with R 10 000 in it. The account earns 6% interest, compounded monthly. How much will be in the account at the end of 20 years? (3) You are planning to buy your dream' retirement house in 20 years' time, therefore, each month you deposit R 3 000 into your savings account that already has R 10 000 in it (3.1). How much would you have accumulated at the end of 20 years? Use the information in 3.1. (3) Using the projected cash flows project A, B and C respectively, calculate the payback period and the NPV. Use a discount rate of 12%. (15) 3.3 Year 0 1 2 Project A -1 000 000 700 000 700 000 700 000 700 000 700 000 500 000 G | | | | | |-| Project B -800 000 200 000 500 000 500 000 200 000 100 000 80 000 Project C -1 200 000 800 000 800 000 800 000 650 000 650 000 400 000 3 4 5 [21]
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