Ryan Legazpi lives in Batangas with his wife, Hannah, in a house that they jointly own. He has worked as a professor at a well-known university for more than 28 years, and Hannah works as a writer. Both of them have above average wages, and both are approaching retirement age. Their two children have moved to Manila and are nancially independent from their parents. Both Ryan and Hannah have been saving a specic amount every month in a savings account. These savings currently amount to the value of almost PBOOQDO. Ryan has calculated that, upon retirement, he will receive P40,SOO a month from the pension plan, and Chiara P18,000, which is more than enough to cover their living expenses. The couple love traveling and would like to take trips to exotic locations, but they haven't been able to do so because they have been very busy at work. Since their saving accounts are yielding almost zero percent interest, as they approach retirement, they have decided that they want to invest their savings into a more protable instrument that also ensures a continuous inow of money for them to spend on vacations. They plan to take a vacation trip every two months, and each trip will cost them approximately P150,000. After talking to a nancial consultant, they decide that they want to invest into a mutual fund. Questions a. Given the nancial situation of Ryan and Hannah and their objectives, what kind of mutual funds do you think the consultant will advise them to invest into? b. If Ryan and Hannah were very different investorsin their forties, both of them risk takers who like to gamble and invest in some new risky companies, and with no plan to take a vacation every two months how would the answer in part a change