2. You just turned aged 30 and plan to retire when you are 65. You have $60,884.55 in your RRSP and starting next month will continue to add money each month for exactly 35 years. When you retire at age 65, you will be receive a $38,000 retirement bonus from your employer and will immediately deposit it to your RRSP. You will then use the accumulated funds to buy an annuity that will pay you $7,500/month for 15 years with the first payment starting one month after your 65 birthday. Assume you earn ji2 = 6% the entire time. (a) Draw the time diagram [1 mark] (b) How much must you deposit cach month? [4 marks, 2 marks for each step] B/EPAC/YN WYPVPMTFV ANSWER: (c) In total, how much interest will you earn over the entire 50 years? [2 marks)