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Part A:

INSTRUCTIONS: You plan to retire in $30$ years. You can save $$15,000$ a year and have found an RSP investment that will return $4\mathrm{.}5\%.$ Determine how long will your funds last if you need $$45,000$ a year in today's dollars to live comfortably from a RIF at earning $3\mathrm{.}2\%.$

Using the yellow cells and changing the data inputs answer the following questions:

How many years would your funds last if you worked for an additional $5$ years?

How many years would your funds last if you double your contribution over $30$ years?

$\backslash$table$[[,,,],[$Years to Retirement,$30,$Retirement Fund Value,$$1,222,449$