7.2 Inimitable Academy bought office furniture that cost R150 000 . What is the value of the furniture after 5 years if the rate of depreciation is \( 12,4 \% \) p.a, using reducing balance method. 7.3 Andrew plans to save R20 000 for a deposit on a new car. He decided to use a part of his annual bonus to pay three equal annual deposits into a savings account at the beginning of every year. Calculate how much money he must deposit to save up R20 000 after three years. Interest on the savings account is \( 8 \% \) p.a. compounded monthly. Nicole invests R50 000 into a saving account and four years later another R15000 is added to the investment. The interest rate for the first three years is \( 10 \% \) per annum, compounded monthly and then changes to \( 12,5 \% \) per annum, compounded quarterly. Calculate the value of the investment after six years.

Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years.

personal finances one uses a budget to know what monies is entering and monies that are being invested ion that is needed to be tracked and/or documented can be put into Excel to give the creator and their com inamces handled for operations. The arrangement of the columns and rows are places that information is pl on easier to read and even calculate. I do not think I ever used colors for the cells before. I have used borde tention to specific areas of a budget. Some of the expenses to be included on a budget created through Exce age, groceries, and monthly expensives. It is a great idea to prioritize and list in the columns according to ho are and how soon they may be due. Some of the functions used that I think are very helpful are the charts a hey give a better visual display for where the resources are going. This helps the person or company to make

(b) A dealer purchased some goods marked at ₹ 2,000 at a discount of \( 20 \% \) and \( 5 \% \). He sells the same at a discount of \( 15 \% \) and \( 5 \% \). Find the amount of gain or loss to him.

Suppose you want to have \( \$ 700,000 \) for retirement in 25 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?

"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.