Part 2: Use the space provided to record your answers. Please ensure that your answers are well organized and brief.

41. To fund your retirement, you would like to have $750,000 in 30 years.

a. How much will you have to save monthly inside of a Registered Retirement Savings Plan (RRSP) account, with an expected return of 6.5 percent compounded annually? The tax rate is 25%. /3

b. How much will you have to save monthly in a non-registered account, if your tax rate is 25 percent? /3

c. How much will you have to save monthly in a TFSA account? /3