can someone answer 1-8 please
1. According to a recent job posting on their website, a registered nurse at the Ottawa Hospital earned $84,032 in 2019. a. Determine their maximum RRSP contribution for this year. b. Determine how much income tax the nurse will save by making the maximum RRSP contribution 2. The nurse finds an RRSP savings account at Alterna Bank that offers 2.25% interest, compounded monthly. The nurse intends to make monthly payments into the account at the end of every month, so that the total amount they deposit over one year is equal to their maximum contribution amount Determine how much they can expect to have in the account after one year. S Present Value Payments Future Value Annual Rate % Periods Compounding 3. Determine how much interest the investment earned over the course of the year 3. Determine how much interest the investment earned over the course of the year. 4. Use the marginal tax rate of the nurse to determine how much income tax they will save on the interest by investing the money in an RRSP instead of an unregistered account. 5. The nurse is planning to purchase a new car. They have budgeted a total purchase price of up to $32,000. Find a car for them to purchase within their price range, Make Model Price 6. The nurse has secured a loan to buy the car. The interest rate on the loan is 2.99%. They wish to make bi-weekly payments, but have the option to pay off the loan in 4, 5 or 6 years. Determine the bi-weekly payment amounts for each term length and determine the total amount of money they will pay for the car. Term Length Payment Amount Total Amount Paid 4 years 5 years 6 years 7. Make a recommendation to the nurse about which term length to choose. Explain your choice. 8. Two different types of registered savings accounts, TFSAs and RRSPs were discussed in this unit. Compare and contrast the two account types. You should discuss similarities and differences, advantages and disadvantages as well as scenarios in which one account should be used over the other. "Your answer should be at least three, but not more than five paragraphs in length