1.2 You completed your Hons B degree at the University of Khomas and obtained a job as a financial analyst at First Bank. For your 23rd birthday, you decided to start saving for your retirement at the age of 60 because you want to travel to Europe and Asia. To do this, you plan to invest N$1200 a month in a share account and N$800 a month is a bond account. The return of the share account is expected to be 12%, and the bond account will pay 8%. When you retire you will combine your money into an account paying a 5% return per annum. How much can you withdraw each month from your account assuming a 25 year withdrawal period? (10) 1.3 You just won the First Namibia Lottery. You will receive N$500 000 million today plus another ten annual payments that increase by N$500 000 per year. Thus in one year you receive N$1,0 million. In two years' time you receive N$1,5 million and so on. If the appropriate interest rate is 12%, what is the present value of your winnings? (5)