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c) Badang starts a retirement fund at age 21 and plans on depositing equal annual...

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c) Badang starts a retirement fund at age 21 and plans on depositing equal annual amounts on each birthday, starting at age 21, and ending at age 60. He wants to have RM2 million at age 60. Jasin starts his fund on his 30"h birthday. He wants to deposit equal annual amounts on each birthday starting on his 30" birthday and ending on his 60"h birthday. Jasin wants to have RM2 million at age 60. If the investment funds earn 10% per year, calculate the amounts the Badang and Jasin respectively will have to save each year (rounded to the nearest dollar) to meet their goals. Comment on the difference. (9 marks)

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