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How much will be the amount of each payment

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Question (a) Sam is planning to retire in 10 years, and buy a house in Byron Bay, Queensland. The house he is currently looking at is priced one million and is expected to grow in value each year at a 5% rate. Assuming that Sam can earn 10% annually on his investments, how much must he invest at the end of each of the next 10 years to be able to buy his dream home when he retires.

Question (b) 'The financial director of the ABC company is emphasing the need to creat and maximise wealth for the shareholders, while the financial director of the XYZ company believes that maximising profit of the company should be the priority'. Which company do you think adopts the correct strategy? Make a critical evaluation with examples.

Question (c) You have just borrowed $10,000. You are required to repay equal amounts at the end of each of 7 years, with the first payment starting in four years' time. Your interest rate is 8% per annum. How much will be the amount of each payment?

Reference no: EM132495475

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