Assignment 1: Business Memo•You are a manager in a business.Write a one-page memo directing a junior member of your staff to perform a technical cal-culation and to write a memo describing the result of the calculation and explaining itssignificance. You may pick any problem you like. A typical financial math problem would work well.Be sure to pick a problem you can do yourself! Impress upon your junior staff member thatthe reader of her memo will not be a technical guru, and that the memo should not containthe calculations.•Now you are the subordinate (i.e. the junior staff member).Solve the problem and write the required memo. Remember that the memo should not containthe calculations. Please write up the solution separately and turn it in as well.There are total two memo and each needs one page.