Name: Anna ZhongFemale, $35$ years of ageDate of birth: March $15,1987$Current salary $$54,000$Current pension plan value at $$55,000$Salary at retirement: $$95,000$Retirement age: $60$ years of age$7.$ Defined contribution pension plan based on $8\%$ of salary contribution $($annual contribution amount is $$4,320).$ Anna will be with her company for $30$ years at retirement. It is estimated that when she retires at age $60$ shell have about $$618,776\mathrm{.}8.$ Current savings in TFSA is $$6,000.$ Assuming at age $60$ it will grow to $$62,500.$ Assume Anna will save $$2000$ annually$\mathrm{.}9.$ RRSP current balance is $$10,000.$ Assuming at age $60$ it will grow to $$65,000.$ Assume Anna will continue to contribute $$2500$ annually$\mathrm{.}10.$ Other savings current value $$10,000.$ Assume at age $60$ it will grow to $$95,00011.$ Assume: OAS at $65$ is $$690$ and$12.$ CPP at age $65$ is $$811\mathrm{.}00$Expenses expected during retirement:$10.$ Mortgage payment, owing $$150,000,$ monthly payment of $$90011.$ Utility payments monthly: Heat, electricity, water, home insurance: $$46012.$ Entertainment monthly expenses: $$30013.$ Food $($groceries$,$ eating out, tim hortons$)$: $$40014.$ Home supplies: $$15015.$ Clothes: $$15016.$ Vacations $($assume one trip of $$5000)$: $$42017.$ Transportation $($car insurance, gas$)$: $$70018.$ Monthly other debt payments $($credit cards, lines of credit$)$: $$500$Answer the following questions for Anna Zhong:$4.$ How much monthly income will she receive at age $60$ if she took her CPP along with her defined pension, savings, RRSP$?5.$ How much monthly income will she receive at age $70$ if she deferred her OAS and CPP along with her defined pension, savings and RRSP$\mathrm{.}6.$ Will her retirement plan cover her expenses when she retires?