Question No. 03: [10 Marks] a) How do you relate Series Compound Amount Factor to Sinking Fund Factor? A family wants to begin saving for a trip to Europe. The trip is planned for 03 years from now, and the family wants to accumulate $10,000 for the trip. If 12 deposits are made quarterly to an account which earns interest at the rate of 8 percent per year compounded quarterly, how much should each deposit equal? How much interest will be earned on their deposits? Page 4 of 8 b) What are the ten roles of management according to Mintzberg, and how they are classified in to different groups? Discuss each role in detail with suitable examples. 20% RUBRIC (Scoring guide) Developing Expressions Calculation Steps Final Answer 20% 40% 20% Question No. 03: [10 Marks] a) How do you relate Series Compound Amount Factor to Sinking Fund Factor? A family wants to begin saving for a trip to Europe. The trip is planned for 03 years from now, and the family wants to accumulate $10,000 for the trip. If 12 deposits are made quarterly to an account which earns interest at the rate of 8 percent per year compounded quarterly, how much should each deposit equal? How much interest will be earned on their deposits? Page 4 of 8 b) What are the ten roles of management according to Mintzberg, and how they are classified in to different groups? Discuss each role in detail with suitable examples. 20% RUBRIC (Scoring guide) Developing Expressions Calculation Steps Final Answer 20% 40% 20%