Sponay Beton ‘Yolanda decides to set up a trust fund for her grandson Benny. She invests $80 51 at the beginning of each month. The money is invested at 6% p.a. compounded monthly. The trust fund matures at the end of the month of her final investment, 25 years (300 investments later) after her first investment. i. After 25 years, what will be the value of her first $80 invested? (correct to the nearest cent) fi, By writing a geometric series for the value of all Yolanda’s investments, calculate the final value of Benny's trust fund (comect to the nearest cent) Spay Basses {tthe beginning of every month, starting onthe 1" of january 2015, Rhonda plans to deposit $2500 into a superannuation account, paying 6% interest per annum, compounded monthly. (show thatat the end of months the total amount, 4,,onher superannuation 3 account ean be expressed as 02 500(1.005" — 1). 8) ifRhonda continues with her superannuation scheme, what would be the amount 2 Inher account on the 31* of December 20307 (li) Rhonda has estimated that she would be able to retire after the total amountin 3 her superannuation account reaches $600 000. nth case, what would be the date of the fist day of her retirement? (iv) _Anera serious consideration Rhonda decided that she would retire on the 31% of | 2 December 2025 with a total of §600 000, paying larger monthly instalments. Calculate her month instalments correct to the nearest cent.