1. Elvina is 40 years old and plans to start saving for her retirement. She plans to start annual saving of RM5,500 one year from now in a stock market that she expect will give an average return of 8.5%. How much will Elvina save at the age of 65? (5 marks)
2. Shamsuddin has RM 63,000 in his EPF Account II. He plans to purchase a house which cost him RM173,000. He manages to get a loan of RM100,000. How much can he withdraw from his Account II. Support by using calculation. (5 marks)