Create a personal financial plan for three exemplar couples. Any gender is allowed. Couple 1: Aged 28 & 32 with 2 children under age 5. Their combined net income is $55,000 p/a, total expenditure is $53,000. They should have net investments worth below $30,000, a mortgage worth at least $350,000 at 3.5%, and a vehicle loan of $5,000 at 9.0%. Couple 2: Aged 35 & 39 with 2 children aged between 5 & 12. Their combined net income is $65,000 p/a, total expenditure is $56,000. They should have net investments worth below $60,000, and a mortgage worth at least $300,000 at 3.5%. Couple 3: Aged 48 & 52 with 2 children aged between 15 & 23. Their combined net income is $85,000 p/a, total expenditure is $63,000. They should have net investments worth below $180,000, and a mortgage worth at least $150,000 at 3.5%. Assume that investments pay 6% net p/a. You may ignore the impact of taxes. Then: For each couple: 1. Create cash budgets, net worth, and cash flow statements. 4 marks 2. Set financial goals for the next 1 year, 5 years, 10 years, and 20 years. 3 marks 3. Create a cash management plan, a budget, a savings strategy, and a debt plan. 5 marks 4. Explain what financial issues each couple has. 3 marks 5. What is their net worth expected to be at age 65? 2 marks 6. What financial risks does each couple face? 2 marks 7. Then examine how changing the monthly budget surplus, up and down, by 2% or 5% affects long term net worth. 3 marks 8. Finally create a report summarizing the results and comparing the current financial situation, and future prospects, for each of the three couples. 3 marks Show all workings.