1. Dave has $57,485 in his TFSA that pays 112 = 2.9%. Starting in one month he plans to: (a) deposit $600/month. How much will you have accumulated at the end of 3 years? ANSWER: (b) withdraw $700/month instead. How long until the money is gone? ANSWER: 2. Dave's dad is saving money for his retirement. In the last five years; he invests $1,800 every 6 months in a mutual fund that pays 8% compounded semi-annually. Now, the rate drops to 5.8% compounded quarterly and he wants to deposit $1,200 every quarter for another five years. How much money will he has at the end of ten years