2.4Mr Seboko want to visit his brother who is overseas in 5 years' time. He invested R80 000 in a saving account in order to save up for his trip. The interest rate is 10, $$ 5 \% $$ per annum compounded annually.at the end of the 3 rd year he encounter financial difficulty and withdraw R15 000 from the account, 6 months later after the withdrawal he add R10 000 into the same investment and the interest was now $$ 17 \% $$ compounded quarterly. 2.4.1 draw a timeline for Mr Seboko's investments showing all

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$$
\textbf{Timeline:}
$$

- At $$ t = 0 $$ years:  
  $$\quad$$ Mr Seboko deposits $$ R80\,000 $$ into the savings account.  
  $$\quad$$ The account earns interest at $$ 10.5\% $$ per annum compounded annually.

- At $$ t = 3 $$ years:  
  $$\quad$$ At the end of the third year, Mr Seboko withdraws $$ R15\,000 $$ from the account.

- At $$ t = 3.5 $$ years:  
  $$\quad$$ Six months after the withdrawal, Mr Seboko deposits an additional $$ R10\,000 $$ into the account.  
  $$\quad$$ From this point onward, the account earns interest at $$ 17\% $$ compounded quarterly.

- At $$ t = 5 $$ years:  
  $$\quad$$ Mr Seboko plans to use the accumulated funds for his trip overseas.  
  $$\quad$$ The investment period concludes after 5 years.
**Timeline:** - **Year 0:** - Deposits $$ R80\,000 $$ at $$ 10.5\% $$ annual interest. - **Year 3:** - Withdraws $$ R15\,000 $$ from the account. - **6 Months After Year 3 (Year 3.5):** - Adds $$ R10\,000 $$ to the account. - Interest rate changes to $$ 17\% $$ compounded quarterly. - **Year 5:** - Uses the funds for his trip overseas.

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