Farid is planning to open up his contractor firm in 10 years. Based on this year's research, he needs a total of RM 75000 to start the firm and the amount would increase each year at 10% interest rate. He does not plan to apply for any loan but to use his own money. For the time being, he is working with a private company as a technician and he planned to save some of his monthly salary to fulfill his dream. (i) Calculate the cost of Farid's new firm after ten years (6 marks) (b) Farid is planning to put his saving for the firm into Tabung Haji. He had to sign up for a new account where he would earn 6% per year continuosusly for each amount he saved. Calculate how much he should save each year for the next 10 years to ensure he has enough money to start his firm (6 marks) (iii) If Farid's monthly income is RM2000 per month and remain the same for 10 years. Explain whether his plan to have his own contractor firm would become reality (3 marks) Farid has finally opened up his contractor firm and his business is doing excellently successful. He is currently having 10 different branches all over Malaysia. At the age of 50, he started to think about his retirement plan and would like to open a special account to cater for his retirement. He opens another account in Tabung Haji and deposited an amount of RM 200,000 as his opening balance. He plans to save up to RM22,000 per year into his second account in Tabung Haji. (ii) Calculate the amount of money he will have saved when he is 65 years old, after 15 years of savings with the interest rate of 7% per year. (10 marks)