### You plan to take a trip around the world in five (5) years

Question 1: This question relates to topics 1 and 3 and LO6. a. You plan to take a trip around the world in five (5) years and predict you will need $50,000 for all anticipated costs. You do not have any current savings but your bank has offered you 3% p.a. compounded monthly on future savings. Assuming you have five (5) full years to reach your goal, calculate the payments you will have to make each month to save the target amount of $50,000. b. Charge Car P/L is considering a project to launch charging stations for electric cars around Australia. The initial investment is expected to be $100,000,000 and the term of the project is 6 years. The required…

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