26. You plan to retire in 35 years. Two savings plans have been presented to you, both earn 7.5% p.a compounded annually. Plan A has annual fees and transaction costs of 1.1% per year of your assets, whereas Plan B has annual fees and transaction costs of 0.08%. Regardless of which plan you choose; you plan to contribute $6000 per year. How much extra money will you have upon retirement if you choose Plan B? Assume you are saving into your TFSA. (4 marks) PLEASE SHOW ALL YOUR WORK

27. Your mortgage has 15 years remaining. Your weekly payments are $297 and the mortgage interest rate is 3.25% compounded semi-annually. How much do you currently owe on your mortgage? (4 marks) PLEASE SHOW ALL YOUR WORK

30. A debt of $2290 is repaid by making payments of $198. If interest is 6.95% compounded monthly, for how long (in months) will quarterly payments have to be made? (4 marks) PLEASE SHOW ALL YOUR WORK