Kayla makes regular (end of term) deposits into her RRSP (Registered Retirement Savings Plan) that will be converted into an RRIF (Registered Retirement Income Fund) 30 years from now. During retirement, Kayla would like to receive $3,400 at the end of every three months for 15 years. If interest is 4.12% compounded quarterly (for both the RRSP and RRIF). Answer the following questions, and round all answers to two decimal places where necessary. (USING A FINANCIAL CALCULATOR) 1) How much money should Kayla have in her RRIF to receive payments of $3,400 at the end of every three months?

2) What payment will Kayla have to make at the end of every three months into her RRSP so that there is enough money in her RRIF at the start of her retirement?