1. You plan to retire in exactly 30 years. Your goal is to create a fund that will allow you to receive Tk. 30,000 at the end of each month for the 20 years between retirement and death. You know that you will be able to earn 10% per year during the 30-year retirement period. a) How large a fund will you needwhen you retirein 30 years to provide the 20-year, Tk. 30,000 retirement annuity?

b) What will be your monthly deposit to accumulate the retirement fund at 12% annual interest rate for 30 years if you deposit at the beginning of each month?

(5)

2. Mr. Jahir borrowed Tk. 1,00,000 at 9% interest rate for 3 years. The loan will be repaid by making equal annual payments.

a) Calculate the annual loan payment.

b) Prepare a loan amortization schedule showing the interest payment and principal repayment of each year.

please help with these question