1. Ajay and Ira are signing the real estate papers tomorrow on the purchase of their first home. They both have Registered Retirement Saving Plans (RRSPs) and are looking to use the Home Buyers Plan (HBP) to make their down payment. As of today, July 1, 2020, the market value of Ajays RRSP is at $29,565 and Iras is at $36,348, what is the maximum amount they can currently withdraw from their respective RRSPs through the HBP for the total down payment on their dream home? (see Table E)
2. Dina just started working for Telus and has become eligible to participate in their retirement plan where she contributes 8% of her gross salary on the 1^st of each month. Telus matches her contributions dollar for dollar in this plan. The plan averages an annual return of 6% interest compounded semi-monthly. Dina is 23 years old and plans to retire at age 60. What is the total amount that she will have when she retires? Dinas gross annual salary is $84,000.
3. $1,898,765
4. $1,726,744
5. $1,839,612
6. $1,804,893
7. $1,722,925