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3 . A potential customer approaches you to advise him on his investment for retirement. He plans to open a unit trust account with RM

3. A potential customer approaches you to advise him on his investment for retirement. He plans to open a unit trust account with RM50,000 using an auto-debit of RM1,000 per month. The unit trust account is expected to earn a dividend of 5% annually. In this case:
a) How much money he could accumulate if he starts his investment at 25-years old and plans to retire at 55-years-old?
(6 marks)
b) How long he could use his money after retirement if he withdraws RM2,000 per month after retires.
(4 marks)
c) Provide 2(TWO) suggestions on other financial products (or investments) that would benefits his retirement life in the future.
(2 marks)(NEED ANSWER BASED FROM TIME VALUE MEASUREMENT FOR ALL THE QUESTIONS)

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