Planning for your retirement, you have been contributing $60 at the end of each week for the past 5 years to an RRSP that earns 3% quarterly.

a. (5 pts + 1 pt for timeline) What amount will you have when you retire, 15 years from now, if you continue with the plan?

b. (5 pts +1 pt for timeline) You would like this investment to supply you with a monthly amount for 30 years during retirement, how much will the payment amount be during the payment period?

c. (2 pts) What annuity scenario is best described by this question: deferred, perpetuity or lease