1) Katie is graduating from Concordia December 2022 at age 22. She is excited as she has successfully interviewed at the career fair and landed a job starting in January 2023 working in banking at CIBC with a gross annual salary of $65,000. She learned in FINA 200 about Group Registered Retirement Savings Plan (Group RRSP) and will sign up for this benefit upon joining as her new employer offers this type of plan. They pay semi-monthly so her first pay will be January 15, 2023! The best part is if she contributes 6% of her gross annual salary, CIBC will match the contribution to her Group RRSP. Katie has had many summer jobs since she started working summer jobs since age 18; she knows that she has sufficient RRSP contribution room to do so. She expects to retire at age 60. Assuming a rate of 5% compounded monthly, how much will she have for her retirement? For ease in calculation purposes, assume Katies salary will remain the same until age 60.

a) $997,386

b) $883,809

c) $803,893

d) $932,108

e) $1,016,231

2) No one can access your credit report unless they have a permissible purpose which is to access your credit report to help in making certain types of decisions about you. Once you have provided consent, which below can see your credit report?

a) Employers or prospective employers

b) Landlord whose apartment you wish to rent

c) Lenders you are seeking to borrow from

d) Utility companies (electricity, heating etc.) that service your apartment

e) All the responses