2 Jane sells jewellery. Her weekly commission is based on a sliding scale of on the first \( \$ 2500 \) of her sales, \( 5 \% \) on the next \( \$ 5000 \) and \( 1 \% \) thereafter. She also gets a weekly retainer of \( \$ 500 \) Jane's weekly commission

You deposit \( \$ 1000 \) each year into an account earning \( 7 \% \) interest compounded annually. How much will you have in the account in 35 years?

The original price of a tablet was \( \$ 550 \). During a sale, Melvin was given a 30\% discount for the tablet. How much did he pay for the tablet?

How much would you need to deposit in an account now in order to have \( \$ 3000 \) in the account in 15 years? Assume the account earns \( 5 \% \) interest compounded monthly.

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a follow up to Question 1 above and in addition to the solutions recommended in the article, recommend how Southern African financial institutions can improve their risk management strategy.