You are planning to retire in 10 years’ time and buy a condominium at the Cherating seaside. Presently, the condominium cost RM250,000 and is expected to increase in value each year at the rate of 6%. (a) Suppose you can earn 13% annually on your investment, how much must you invest at the end of each of the next 10 years to be able to buy your dream condominium when you retire? (b) If you start depositing money in the account at the beginning of every year, how would your answer change to answer in (a)? Briefly explain

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