11) Ms. Whodunit needs $15 000 to go on her dream vacation in four years. How much
does she need to invest now in an account earning 5.5% annual interest
compounded semi-annually? [3]
12) After learning about finances in grade 11, you decide to put money and at the end
of every month invest $150 into the stock market for the next 48 years (until you
retire). Assuming the market returns 7% per annum, compounded monthly, how
much will you have after 48 years?