Birthday	1991, December 30
{A}	3860
{B}	30
{C}	$ 52,038.00
{D}	7.64%
	PROBLEM
	You have decided that you would like to retire at age 65. You would like your monthly pension to
	be {A} $3860. Your RRIF (Registered Retirement Income Fund) earns 3.00% p.a. compounded semiannually for 25 years after you retire.
	1. How much money do you need in your account when you retire?

2. How much money do you need in your account now (at your current age of {B} 30 years)?

3. Once you retire, you intend to buy your dream car and will contribute a down payment of
$10,000. If the vehicle costs {C} $52,038.00 and can be financed for {D} 7.64% compounded annually, what
is your monthly payment on the vehicle if you finance for 96 months?