Question:

On their $30$th birthday, Aza decided to retire at $60$ years old. Upon retirement Aza

would like to receive biweekly payments of $$5,500\mathrm{.}00$ for the rest of their life.

Average life expectancy for Aza is $83$ If the interest rate is $3\mathrm{.}85\%$ compounded

monthly, what is the monthly payment that Aza needs to contribute to RRSP account

starting today? How much interest will their contributions earn up to retirement?

$1-$ aza will need to contribute $$\_$ payment until retirement?

$2-$ total interest earned $$\_?$