Please answer questio (C) i &ii both are interrelated.

(c) Today is your 40th birthday. You expect to retire at the age of 65 and your psychologist expected that you will live to be 95. You want to move to Hawaii when you retire. You estimate the moving cost will be RM200,000 and your annual living expenses will be RM25,000 per year. You expect to earn an annual return of 7 percent on your savings. i. Compute the total amount you will have during the retirement (5 marks) You already have RM50,000 in savings. Calculate the amount would you need to save at the end of each of the next 25 years to be able to afford this retirement plan. (5 marks) FINANCIAL MANAGEMENT 3/7