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.

(i) 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.

(ii) What is N, after Retirement?

(iii) What is I/Y, after Retirement?

(iv) What is C/Y, after Retirement?

(v) What is P/Y, after Retirement?

(vi) What is PV, after Retirement?

(vii) What is PMT, after Retirement?

(viii) What is FV, after Retirement?

(ix) What is N, before Retirement?

(x) What is I/Y, before Retirement?

(xi) What is C/Y, before Retirement?

(xii) What is P/Y, before Retirement?

(xiii) What is PV, before Retirement?

(xiv) What is PMT, before Retirement?

(xv) What is FV, before Retirement?