Question 3 (12 points) 1) Listen 12 Marks-4 Marks - Minimum of 4 sentences needed for each answer. Read the following case study and explain what Miguel should do to action his issues by completing the boxes below. Miguel, age 28, is a research analyst for a Canadian company that has an office in Madrid, Spain. He is single and no dependents. Miguel desires to obtain his MBA at a top-tier business school. His educational endeavor will be a major expense. Miguel monitors his income and spending. He also sets aside savings for investments as well as contributes to his retirement plans. His current income is 55000 per year. Create an action plan to assist Miguel to achieve a successful outcome with a timeline. important concerns Budgeting and Emergency Savings Investment Accumulation and Preservation How to Pay for Business School Issues 1. He has some savings, but not well tracked. 2. Miguel has $10,000 to add to his existing $25,000 investment. He wishes to review the asset allocation and ways to best preserve this investment. This includes retirement investments. 3. His costs to meet his educational savings are an issue at this time. He has explored the use of financial aid. Action Plan (2-3 sentences are required)