(c) You are 22 years old and you want to set aside enough money each month so that when you retire at 60 you will have developed an investment fund large enough for you to be able to spend 1,600 per month for 25 years. REQUIRED: (i) Using an annual interest rate of 5 percent, how large will your investment fund need to be when you retire to meet this spending objective? [3 marks] (ii) Using the same interest rate, calculate how much you will need to save each month before you retire in order to create such a fund. [3 marks]