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show you steps clearly pleasr (25 points) You were hired as an industrial engineer in an international company located in Kuwait at the age of

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(25 points) You were hired as an industrial engineer in an international company located in Kuwait at the age of 20. Since you already know that you should be saving early, you decided to save 8000 KD at the end of your first year of employment and increase your saving by a uniform amount of 375 KD each year hereafter till your retirement at the age 55. You expect a 2800 KD support from your family five years from now. Assume the interest rate is equal to 10% per year. Instructions: Use 2 digits in your calculations and reporting the answers. Do not write commas or apostrophes. Do not write 8 (dollar sign) or any other symbol, just write the number. (15 points) How much will you able to withdraw at the age of 55? b. (10 points) Calculate the annual equivalent of your savings plan

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