Retiring in Tobago has been your goal ever since you started working, and the MBA interlude is designed to bring that goal closer to realization. In fact, you have decided to put aside monthly savings towards your retirement plan as soon as you graduate from the MBA program.Here are some assumptions to aid you in retiring to Tobago: Your current age: 30 Retirement age: 65 Expect to live: until your 90thbirthday Taxes: Zero Savings APR: 6% per year (based on monthly compounding) Expected graduation (MBA) date: Exactly two years from now (a)If you start saving $10,000 per year beginning the month after your graduation and continuing until you turn 65, how much money you would be able to withdraw per month in your retirement years (beginning a month after your retirement)?Assume that all cash flows occur at month-end. (b) You are worried about inflation after you retire, and want to ensure that your pension grows each month by 0.25% to counteract against inflation. How much do you need to save per year assuming your savings will earn the same APR as in (a)? (c)How does your answer in (b) change if all your savings accumulate into a family trust that will provide a pension in perpetuity after you retire