1 : You are planning for your financial retirement. You want to retire at 60. You plan to have an endowment fund that will give you a monthly income of RM 10,000 per month after retirement. You think you can do it by contributing to the Employees Provident Fund (EPF) and earn about 6% per annum. Required : 1. Determine how much endowment fund you need at retirement point to earn the RM 10,000 per month, assuming EPF will continue declaring a 6% dividend per annum. 2. Determine how much saving per month that you need to make over the 30 years to meet the target endowment fund ? 3. What will be the challenge in achieving the above target ? Question 2 : You felt that the above retirement program may be very hard to achieve as your monthly income is not sufficient to contribute the required monthly investment installment. So you are going for a creative approach in generating the retirement fund using the business and entrepreneurship approach. Using the wealth magnification approach is seen as a more credible route. The approach is as follow : 1. To identify a product and business opportunity 2. To start