Elizabeth is 50 years old. She has been placing $350 per month in an RRSP account paying (10%,12) since she is 20 years old. She intends to continue to place the same monthly amount in her RRSP account up to the time she retires, that is, when she is 65 years old.

(a) Assuming her RRSP account continues to pay (10%,12)for the indefinite future ,how much money will Elizabeth have when she retires?

(b) Assuming Elizabeth lives another 30 years after she retires, how much can she withdraw every week from her RRSP account if she wishes to leave to her heirs $375,000 when she dies.