CAN ANYONE HELP ME WITH QUESTION B PLEASE

Q4. Valerie is the CEO of Fintech Global Bhd, who will retire at the end of exactly 10 years by contract. Based on the company's compensation policy, Valerie is entitled to receive an annual payment for RM80,000 at the beginning of each of the 20 years upon her retirement. If she dies prior to the end of the 20-year period, the annuity will pass on to her family. During the 10-year accumulation period, Fintech Global plans to fund the amount required by engaging in an annuity policy offered by a trust fund manager. The fund manager guarantees 8% annualised return on the premium paid by Fintech Global Bhd. Once the 20-year distribution period begins, the fund manager guarantees 10% interest on the annuity balance per year. Note that the first premium will be paid at the beginning of year 1 and the first distribution will be received at the beginning of year 11. (a) How much would Fintech Global Bhd have to pay to the fund manager per year over the accumulation period in order to finance the retirement annuity of Valerie? (7 marks) (b) Instead of relying on the fund manager, the investment unit of Fintech Global Bhd has an alternative plan that can provide better return of 12% per year over the accumulation period by using stock market. How much would Fintech Global Bhd have to pay per year over the accumulation period if the company follows the alternative plan