Question A2 (a) Mrs Wong changes employers at age 46. Shes given RM8500 as her vested benefits in the companys pension plans. She invests this money in a registered retirement savings plan paying 8% annual interest, and leaves it there until her ultimate retirement at age 60. She plans 25 annual withdrawals from this fund, the first on her 61st birthday. Find the size of these withdrawals. (8 marks) (b) A parcel of land valued at $35,000 is sold for a down payment of $15,000. The buyer agrees to pay the balance with interest rate of 12% compounded monthly by paying $500 per month, as long as necessary. The first payment is due 2 years from now. Find the number of payments needed to settle the borrowed amount and also the value of the final payment? (7 marks) (c) The Andersons borrow $15,000 to buy a car. The loan will be repaid over three years, with monthly payments at 6% interest compounded monthly. Find the total interest paid in 12 months of the second year.