The situation Jocelyn is debating whether to: borrow $12,000 to invest into her RRSP at the beginning of the year then pay off the loan in 12 monthly payments as soon as she takes out the loan OR instead contribute the same loan payment amount to her RRSP over the year. The data The RRSP has an interest rate of 3.4% compounding monthly. She tuns 30 years old on January 1" and that is when she would either contribute to the RRSP in one lump sum or start monthly contributions. The loan has a rate of 4.5% compounded quarterly. Your task 1. Calculate the value of her RRSP at retirement if she borrows the money to invest and makes no further contributions to her RRSP. 2. Calculate the final value gained by borrowing to invest by determining the interest gained less the cost in interest to borrow $12,000 for a year. 3. Calculate the RRSP value if instead the loan payment was contributed to her RRSP and no other contributions were made. 4. Determine which method was most beneficial to Jocelyn and explain your reasoning