Vey te vol FIN2001 Financial Management Home Assignment 2 (Topic 4 & 5) Print out this question paper, handwrite the workings and answers in the space below each question, hand in the hard copy of this paper in dless A bank is newly established and offers savings deposits rate of 3% compounded semi-annually. If you deposit $50.000 into that account, how many years will you have to wait until your account is worth $70,000? (3 marks 2. You need $200,000 for a new house in 6 years. If you could earn 0.8% per month, how much will you have to deposit today? (3 marks) 3. At 5% interest rate compounded quarterly, how many years does it take to quadruple your money? 3 marks) 4. An investment guarantees that you can receive hack 59,000 five years later by investing $6,000 today. What interest rate do you can if the rate is compounded annually? (3 marks) 5. Suppose there is an investment project with the following cash flows to be received at the end of next three years If the interest rate is 8 percent Year Cash Flow 1 $600 2 200 3 1.300 Whathe value of these cash Bows at the end of Year 3? marks) de Yare Sed 5.000 Theses year toch wody is for the What is the rest value of the passions of 5.000 each beginning in 5 years Assume that the is 6 m