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2) After your graduation at the age of 21 you are planning to get employed and immediately start your retirement plan with Ular Umit. The

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2) After your graduation at the age of 21 you are planning to get employed and immediately start your retirement plan with Ular Umit. The pension fund payments will be 2 million KZT per year. According to legislations, the earliest age of retirement is 51. The fund will be investing your payments at an annual rate of 12% per year. However at the age of 41 you would like to make a trip to far Asia as a reward for your many years of working. Currently such a trip costs 2 million KZT, but you expect this cost to increase by 10% every year. After your retirement also you are planning to rewards yourself as a trip to Europe and America. Today such a trip will cost 3 million KZT and you expect this cost to increase by 8% every year. After your retirement how much money will be accumulated in your fund account for your remaining life

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