Need help with iii)

Thanks

Robert recently inherited $50,000 from is deceased grandmother. He wants to invest the proceeds in a safe, liquid account with the goal of generating some interest income until such time as he needs to access the funds in the event of an emergency. Recommend a suitable investment for this objective clearly explaining the basis for your recommendation. (4 marks) He wants to invest $500 per month into his RRSP. He hopes to defer withdrawing on these funds until his age 65. If he earns 7% annual compound returns in this plan what will the future value be at his age 65? What type of investment wl be most suited to this objective? (4 marks) iii. He would also like to take advantage of a tax free savings account (TFSA) and he wants to know how much to invest on a monthly basis to maximize the current annual amount? What type of investment will provide the greatest tax savings? Determine the future value at his age 65 assuming maximum annual TFSA contributions and a 3% annual compound return