Michael wants to retire in 20 years with enough savings in his RRSP to be able to purchase a 30-year annuity that will pay him $4200 at the end of every month. He has already accumulated $60,000 in his RRSP. In order to meet his goal, what RRSP contribution should Michael make at the end of each month for the next 20 years? Assume he earns 4% compounded quarterly on his RRSP, and 3.6% compounded monthly after retirement. Answer: What is N, after Retirement? Answer: What is 1/Y, after Retirement? Answer: What is C/Y, after Retirement? Answer: What is Ply, after Retirement? Answer: What is PV, after Retirement? Answer: What is PMT, after Retirement? Answer: What is FV, after Retirement? Answer: What is N, before Retirement? Answer: What is 1/Y, before Retirement? Answer: What is C/Y, before Retirement? Answer: What is P/Y, before Retirement? Answer: What is PV, before Retirement? Answer: What is PMT, before Retirement? Answer: What is FV, before Retirement