HC2091: Business Finance Final Assessment Calculate What Alecia’s Savings - Accounting and Finance Assignment Help

Assignment Task:

Task:
Instructions:
All questions must be answered by using the answer boxes provided in this paper.
Completed answers must be submitted to Blackboard by the published due date and time. Submission instructions are at the end of this paper.
Purpose:This assessment consists of six (6) questions and is designed to assess your level of knowledge of the key topics covered in this unit



Note: References are not required for this assessment
Question 1( 11 marks)Alecia has $2,000 in savings. She has devised an investment strategy for the next 12 years. In the first 7 years she will invest in an asset paying 8% per year, which will compound quarterly. In the remaining 5 years she will move her savings, including the interest earned in the previous 7 years into another investment which will earn 9% per year, compounding annually.
Required:
Calculate what Alecia’s savings would be at the end of the first 7 years? (2 marks)
Calculate what Alecia’s savings would be after 12 years? (2 marks)
Assume that Alecia would have $7,500 at the end of 12 years, and she wishes to further grow the investment to $10,000 in 3 years. Calculate what annual interest rate Alecia will need to achieve her investment goal? (2 marks)
Few years ago Alecia had set up another saving which worths $4,200 now from an initial investment of $3,000. If the rate of return for this saving was 12% per year, how many years has she maintained this investment? (2 marks)
Alecia is looking for investment instruments in the securities market and has some confusion about secondary securities market. Help her identify the features of the secondary market by choosing all options that are correct in the table below (3 marks):
 

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