Ellenor pays month-end payments of $843 into her RRSP for 33 years. The RRSP has an interest rate of 4% compounded quarterly. At the end of 33 years, she purchases an annuity that will pay her bi-weekly payments (at the end of each bi-weekly period) for 32 years. The interest of the annuity is 3% compounded semi-annually. How much are Ellenor's biweekly payments when she retires? Janet retired recently and plans to utilize other savings for a few years while her RRSP continues to grow on a tax-deferred basis. The RRSP is currently worth $136477. How many years will it be until the amount in the RRSP is large enough to purchase a 23 -year annuity paying $1884 at the end of each month? Assume that both the RRSP and the annuity will earn 6.9% compounded semiannually