5. Julie is 24 years old today and planning to get married on her 31st birthday and budgeted to spend BDT 5 millions at the wedding.

a. How much money does she have to save at the end of every month for the fund needed at her wedding if she earns a 12% interest rate?

b. How much will she need today as a single amount to provide the required fund at her wedding if she earns an 10% interest rate compounded quarterly