1) You have JD 1,000,000 and there are variety of investment opportunities for you, the first option is a time deposit that provide fixed interest rate of 7% annually for the next 10 years, and the second one is a saving deposit with floating rate starting at 5% annually, with a condition to increase it by 1% every 3 years, calculate the total accumulation in both cases. 2) You have just graduated from the university and employed in a private company, you are planning to join private retirement program to insure a retirement salary when you are aged. You would like to have a monthly retirement salary of JD 1000 when you are 60 years old, assuming you are 22 years old and the fund limits the retirement payments with 25 years, how much should your monthly payment be in order to have the contract, considering that the rate of return on the fund investments is 7%