XYZ Investment Sdn. Bhd develops retirement programs for individuals. You are 30 years and plan to retire on your 60th birthday. You want to establish a plan with XYZ Investment that will require a series of equal, annual, end of the year deposits into the retirement account. The first deposit will be made 1 year from today on your 31st birthday. The final payment on the account will be made on your 60th birthday. The retirement plan will allow you to withdraw RM120,000 per year for 15 years, with the first withdrawal on your 61st birthday. Also, at the end of the 15th year, you wish to withdraw an additional RM250,000. The retirement account promises to earn 12 percent annually. Calculate the periodic payment must be made into the account to achieve your retirement objective?