PART III. CASE STUDY. In this digital era of business world application of mathematics become very essential for the survival. It helps to create comparative advantage among competitor. By applying mathematics in business, the owner of the business get help for making the present and the future planning. Sometimes it helps them to take initiatives against facing loss. Mathematics applications in business also help to calculate the future profit / income easily. Using formula / functions of the mathematics in business, they can save their time, to calculate depreciation, interest amount, breakeven point and many things. Answer the following mini cases: 1. Layla deposits her entire Social Security check in the bank. She doesn't spend more because she doesn't want to risk exhausting her savings. And she doesn't have a financial plan because she always finds a reason to put it off. Currently, she is uninterested in investing because she thinks the stock market is too high and that bond prices will continue to decline as interest rates continue to climb. Why? Layla doesn't want to risk running out of money, the biggest fear among most retirees. 2. Jassim is a 35 year old non-smoking healthy male. Working with his advisor, Jassim's life insurance needs will include an EstateMax 20-Pay participating plan with the Enhanced Coverage dividend option maximized for a total coverage amount of $250,000. Jassim will be both the policy owner and the life insured. Jassim could pay $202.10 each month for the next 20 years. Based on this amount, he would pay a total of $48,504 over that time period and his policy would be fully paid-up. Since Jassim can pay one lump sum deposit now using non-registered funds, he instead chooses to purchase an Empire Life 20-year term certain annuity for $36,576.92 with guaranteed income payments of $2,245.59 per year which will match and fund his annual life insurance premium. Explain If he uses this strategy for 20 years what will he gain