Background Information: Assume that you work as a financial planner in a financial services firm where your job is to provide advice and wealth creation strategies to private clients throughout Australia. Assuming the client is yourself. Follow the information provided to complete the activity. Clients Objectives: You plan to use $7,000 from your NAB savings account to make an investment. The goal is to accumulate sufficient money towards a holiday through this investment. You plan to take 3 years from now. As a family you all anticipate to spend $20,000 on this holiday. Consolidate home loan and personal loan into a new home loan at the current interest rate of 3.25% p.a. for the term that matches the current home loan. You and Lynn will continue to pay regular monthly payments. Together you and Lynn require at least $1,400,000 for retirement. Both you and Lynn plan to retire at the age of 60 and expect to spend $70,000 p.a. during retirement Background Information: Assume that you work as a financial planner in a financial services firm where your job is to provide advice and wealth creation strategies to private clients throughout Australia. Assuming the client is yourself. Follow the information provided to complete the activity. Clients Objectives: You plan to use $7,000 from your NAB savings account to make an investment. The goal is to accumulate sufficient money towards a holiday through this investment. You plan to take 3 years from now. As a family you all anticipate to spend $20,000 on this holiday. Consolidate home loan and personal loan into a new home loan at the current interest rate of 3.25% p.a. for the term that matches the current home loan. You and Lynn will continue to pay regular monthly payments. Together you and Lynn require at least $1,400,000 for retirement. Both you and Lynn plan to retire at the age of 60 and expect to spend $70,000 p.a. during retirement