Please answer all questions! Thank you.

The Fund Facts document summarizes the investments held in a mutual fund. How many of its top investments will it specifically list?

1. 10

2. 20

3. 5

4. 15

Which statement is false?

1. Asset allocations grow more aggressive as investors age and deepen their understanding of the investment market.

2. Investors in the early life stages need easy and quick access to funds, so they should invest in relatively safe and liquid assets.

3. Investors nearing retirement may allocate a larger proportion of money toward investments that generate a fixed income.

4. Investors who expect to be working for many more years may invest in stocks of smaller firms and growth stock mutual funds.

Judith has recently taken out a mortgage for $175,000 at a rate of 3.2%, compounded semi-annually, with an amortization period of 22 years. What will be her balance after 40 months? Her payments are monthly.

1. $138,120

2. $155,670

3. $201,682

4. $163,850

Janice has just turned 68. She has lived in Canada all her life. If the maximum monthly Old Age Security (OAS) is $642 per month for someone age 65, how much would Janice be eligible to receive on a monthly basis?

1. $873

2. $654

3. $781

4. $642

Thank you