Sarah and Mohammed are both 24 years old. They graduated from AUIS and they got married in the same year. After what they learn from FIN301 class they decided to have financial plan for their future. They want to have their own house by age of 45 and also have 1 million dollar when they retired at age of 65. Mohammed suggested that: Sara (his wife) should save and invest her money to buy their dream house at age of 45 and Himself (Mohammed) will save and invest his money to have 1 million Dollar when they retired. Sarah is unemployed and has no saving, but she has gold worth of $25000. If she sell the gold and invest it with an investment company. At age of 45 she receive $200,000 that will be enough to buy their dream house. What rate of return Rozi has received during the life of the investment? Mohammed has no saving but he start up his own retail business in Sulaimani. He is planning to save annually and invest the money with an investment company that has rate of return of 8% annually, compounding annually. How much money Mohammed has to save each year from age of 24 to have one million dollar at age of 65