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1. Dave has $57,485 in his TFSA that pays j 12 = 2.9%. Starting in one month he plans to: (a) deposit $600/month. How much

1. Dave has $57,485 in his TFSA that pays j₁₂ = 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: __________________________

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