5. You are 30 years old today. You intend to retire at age 50 and you want to able to receive TL100.00 at the beginning of each year of retirement during 15 years, with the first payment received on your 52th birthday. You would like to save enough money over the next 52 years to achieve your objective; you want to accumulate necessary funds by your 50th birthday. a) Draw timeline of the cash flows(5 points) b) If you expect your investment to earn 12% per year over the next 20years and 8% per year thereafter, how much must you have saved by the time you reach age of 50 (10 points)? c) Find the value of that amount(b)your age is 35 years old assuming that annual interest rate is 10% that remains unchanged during the period(10 points) 5. You are 30 years old today. You intend to retire at age 50 and you want to able to receive TL100.00 at the beginning of each year of retirement during 15 years, with the first payment received on your 52th birthday. You would like to save enough money over the next 52 years to achieve your objective; you want to accumulate necessary funds by your 50th birthday. a) Draw timeline of the cash flows(5 points) b) If you expect your investment to earn 12% per year over the next 20years and 8% per year thereafter, how much must you have saved by the time you reach age of 50 (10 points)? c) Find the value of that amount(b)your age is 35 years old assuming that annual interest rate is 10% that remains unchanged during the period(10 points)