Syed Amza is currently 38 years old. He plans to retire at the age of 55 and wish to get a retirement income at the age of 56 onwards. He is an IT consultant drawing a montly salary of RM8430. Below are the list of his expenses he needs during his retirement years. Using the Expense method, calculate how much Syed Amza should have at the age of 56, taking into account 4% inflation. expenses Food House insurance Utilities (electric, water. phone,etco Home maintenance (repair, 3000 yearly gardeining) Personal care Medical expenses Transportation Entertainment Golf club membership Monthly expenses 1000 200 500 Travelling Personal insurance Miscellaneous 200 200 600 200 300 16000 yearly 200 500 (8 marks)