QUESTION $1(38$ marks$)$ Vav Ltd Vav Ltd $($Vav$)$ is a clothing retailer with a $28$ February financial yearend and stores nationwide. The entity plans to roll out a new clothing line, $$Gimmel$,$ on $30$ April $2027.$ The total cost to launch the Gimmel clothing line will total R$548000.$ To ensure that the entity has these funds available on that date, Vav will invest R$2350$ per month from $1$ May $2025$ in advance into a savings account. The savings account offers an interest rate of $8\mathrm{.}8\%$ annually compounding. On $1$ June $2026,$ Vav will, however, alter the amount paid into the savings account to ensure the necessary funds for the Gimmel clothing line will be available on the scheduled date. Mr$.$ Daniels Mr$.$ Daniels purchased a Suzuki Swift on $1$ March $2025$ for R$213900$ under an instalment sales agreement with a vehicle dealer. According to the agreement, annual instalments of R$36714\mathrm{.}81$ will be required, and an interest rate of $7\mathrm{.}5\%$ compounded semi$-$annually applies. Grimms Ltd Grimms Ltd $($Grimms$)$ sells various food items and household products. The entity has a $31$ March financial yearend. Grimms will require R$82600$ on $1$ July $2026$ to add a new food product line to the entity$$s offerings. In provision for this, Grimms will invest R$11500$ on $1$ April $2025$ into an investment fund and in quarterly intervals thereafter. Each payment will be equal to an increase of $4\mathrm{.}5\%$ from the previous payment. The investment fund offers a return of $6\mathrm{.}8\%$ per annum. $3$ HFMN$230-1\_$Jan$-$Jun$2025\_$FA$1\_$V$3\_$ES$\_27012025$ REQUIRED: $1\mathrm{.}1.$ Refer to the Vav Ltd scenario. Calculate by how much Vav Ltd will have to increase or decrease the monthly payments from $1$ June $2026$ onwards. Specify in your answer whether it is an increase or decrease. $(13$ marks$)1\mathrm{.}2.$ Refer to the Mr$.$ Daniels scenario. Advise Mr$.$ Daniels for how long he will have to make instalment payments to the vehicle dealer. $(8$ marks$)1\mathrm{.}3.$ Refer to the Mr$.$ Daniels scenario. Assume that the vehicle dealer changes the terms to semi$-$annual instalments of R$36714\mathrm{.}81($all other facts remain the same$).$ Advise Mr$.$ Daniels for how long he will have to make instalment payments according to the revised terms $(5$ marks$)1\mathrm{.}4.$ Refer to the Grimms Ltd scenario. Advise Grimms Ltd whether the entity will have enough funds available on $1$ July $2026$ for the new product line. Support your answer with calculations. Assume today is $1$ April $2025.(11$ marks$)$ Communication skill: Logical argument $(1$ mark$)$