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4. Mr. Suleman plans to fund his retirement plan and targeting to get omr 50,000 at the end of 99 year, with the maximum investment

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4. Mr. Suleman plans to fund his retirement plan and targeting to get omr 50,000 at the end of 99 year, with the maximum investment of omr 1500 at the end of each year for the next 9 years. If Mr. Suleman can earn 12% on his investment, how much will he have at the end of the 9 year? Write you maximum recommendations to Mr. Suleman regarding this investment plan? (Answer page number 7, font size 10) (Marks 5)

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