2. An employee of a manufacturing company receives his 25 years end of service allowance of GHc 250,000. 00 at age 60. He plans to start his own business as an entrepreneur at age 60 . He wants to know how much he will have at age of 65 years if he invests his allowance of GHc 250 , 000 together with the GHc 150,000 savings he has accrued in his account. He plans to invest in a bank package that offers 26% interest per annum for 3 years the money is left untouched and 29% per annum for each year the money is left at the bank after the initial 3 years. At the end of each investment duration, the bank takes 5.5% of the interest as processing fees. 9% of the total amount at the end of the investment is paid as tax. A fixed amount of GHc 1005.00 is taken from the total amount as stopping fees. i. How much interest is earned by this employee if he invests now at age 60 and takes it at age 65 ? ii. How much will the employee have in total to use to start his business at age 65 if he invest at now at age 60