Nikola just turned 42 years old and is planning to retire at age 64. She has already saved $222,000.00 in her RRSP. If she continues to contribute $250.00 at the beginning of every month, how much money will be in her RRSP at retirement if it can earn 9.6% compounded monthly? No deposit is made the day she turns 64. a. Use the compound interest formula, FV = PV(1 + i), to find the future value of the current amount in the investment. At retirement, the $222,000.00 will have grown to b. Determine the annuity type. Ordinary Simple Annuity Ordinary General Annuity O Simple Annuity Due General Annuity Due c. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT: Number of Payments per Year: PY = Total Number of Payments: N: Annual Interest Rate: r Number of Compoundings per Year: C'Y d. Determine the total value of the investment at retirement (incorporating your answer from part a. above).