Richim and Poorhim have just been offered a scholarship and each month they will receive an allowance of $600 a month for a 4 year business program in UBD. Richim manages to save $300 every month and invest it in to a brokerage account that pays 12% per annum a) How much money would Richim has at the end of the 4th year? (Assuming monthly compounding) [6 marks] b) Poorhim only started investing like Richim in the start of the year 3 .How much money would Poorhim have saved at the end of the 4th year, assuming monthly compounding? [6 marks] c) How much money would Poorhim has to invest every month in order to have the same money as Richim at the end of the 4th year? [6 marks)