Business, 12.07.2021 16:40 SillyEve

Star wins a lottery where she can choose either to receive a lump sum of Shs. 3,000,000 now, or an annual payment of Shs. 76,500 at the beginning of every year for the next 10 years. Assuming an interest rate of 12% per annum advise Star on the best option. (4 Marks) b) You the investment Manager of Rislly are Investments. You are planning to invest a total of Limited Ksh.12, 400,000 into a fund attracting a compound interest of 26%. Calculate the amount in the account in 4 years if it is compounded: (6 Marks) i. Annually ii. Semi-annually iii. Quarterly iv. Monthly v. Weekly vi. Daily

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Star wins a lottery where she can choose either to receive a lump sum of Shs. 3,000,000 now, or an a...