(i) Mr Imran plans to purchase a car selling at RM80,000 with a payment period of 5 years. The bank charges a financing rate of 6% per year. (a) How much is his monthly instalment for the purchase? (month end) (b) How much is the selling price based on a Murabahah contract (cost + mark- up)? (ii) Mr Imran will retire 5 years from now. His current savings in the EPF (retirement account) amounting to RM500,000 with contribution of RM1,200 monthly from now until he retires. He expects to live 15 years after retirement. Determine the maximum amount that he can spend every month after retirement based on his total savings at retirement. Savings rate is at 6% per year