Q4. Dr. Khan currently aging 45 years wishes to invest an amount that would provide him with similar income cash flows for his remaining life. His life has been expected by actuarial studies to be 65 years. 1) If he makes investment with an Insurance company which uses 6.5% compound annual interest rate, what sum must he deposit to have an amount of Rs. 12,000 per year? 2) If he invests the above calculated amount in Part (1) in a government fund that offers 5.9% interest rate on monthly basis. What will be the value of each monthly payment withdrawn? 3) If he invests the above calculated amount in Part (1) with a bank offering 5% rate compounded monthly. How much should he with draw each year from the account so that he has zero balance at the end of 65 years if the inter-bank offered rate in this case is 4%. 05. You have iust turned 35 and vou intend to start saving for