Use x= SR 8000 include the cash flow diagram

H 2.1 = Ahmed is 48 years old now. He is planning to retire in 12 years. He can deposit money for his retirement at 8% compounded quarterly. Ahmed estimates that an amount of $30,000 + X per year in terms of today's dollars (dollars at Ahmed's age of 48 years), will be required to support his retirement income for four years. The retirement incomes are estimated to increase at an annual rate of 6% Determine the equal quarterly deposits that Ahmed must make until his retirement. Assume that the first deposit will be made at the end of the first quarter and that deposits will continue until Ahmed reaches age 60. Ahmed will receive the first payment at age 61, and the retirement payment will be paid at the beginning of each retirement year. In other words, the first withdrawal will be made when Ahmed is 61. Note that X is the last digit of your University ID and its in 1000. For example, if student ID is 3. the value of X is SR 3000. H 2.1 = Ahmed is 48 years old now. He is planning to retire in 12 years. He can deposit money for his retirement at 8% compounded quarterly. Ahmed estimates that an amount of $30,000 + X per year in terms of today's dollars (dollars at Ahmed's age of 48 years), will be required to support his retirement income for four years. The retirement incomes are estimated to increase at an annual rate of 6% Determine the equal quarterly deposits that Ahmed must make until his retirement. Assume that the first deposit will be made at the end of the first quarter and that deposits will continue until Ahmed reaches age 60. Ahmed will receive the first payment at age 61, and the retirement payment will be paid at the beginning of each retirement year. In other words, the first withdrawal will be made when Ahmed is 61. Note that X is the last digit of your University ID and its in 1000. For example, if student ID is 3. the value of X is SR 3000