Q2: Mr. Paul is at the age of 25, and his friend David (an insurance/mutual fund broker) offered him a retirement savings plan investment opportunity. Please help Paul to calculate his annual contribution (payment) for the financial product based on the following information. a) Paul starts to contribute XXXX Canadian dollar next year at the age of 26, same amount for consecutive another 19 years' contributions; b) When Paul finishes his annual contributions at his age of 45 years, Paul will leave the investment in the insurance company for further growth of the investment amount; c) When Paul retires at the age of 65, Paul can get amount of Cnd$20,000 for 20 years when Paul turns to the age of 85; d) David/Insurance company assume the annual return is 5.5% Please do the calculation (suggest to draw the timeline for this case) illustrate the numbers based on time value calculations step by step; 30Marks