Q4: Ms. Maryam a professional Architect is 40 year old today. She desires to retire at the age of 60 years. In order to live a peaceful and secured life after retirement, it is estimated that Maryam should need a cash balance of 40,000 OMR. a) How much money Ms. Maryam needs to deposit now, if money compounds monthly at 8% interest rate? b) How much money she needs to deposit now if her requirement is 50,000 OMR and wishes to retire at the age of 65 years. c) Do you like to advise her to make a provision for the retirement? If yes, give reasons to your answer. (2+2+1=5 Marks)