1. State three (3) factors Financial Managers take into consideration when setting the timing to raise funds. (2 Marks)

2. List four(4) main functions of Financial managers (2 Marks)

3. Franklin Roosevelt borrowed GH 30,000 from Persus Bank at an interest rate of 15% and agreed to pay equal installments over five years.

You are required to

1. Determine the size of the payments

(3 Marks)

2. Set up an amortization schedule for the loan (5 Marks)

What is the total interest to be paid after five years (2 Marks)