Tom plans to buy a house on cash instead of paying mortgage. He targets spending $400,000 on his dream house. He plans to set aside $1,200 every month tomach his target. He puts his savings in a Tax Free Savings Account (TFSA) and invests them in a high risk mutual fund, which has traditionally earned 12.2% anally. How long, in years and months, will it take John to reach his target? 5 Tom plans to buy a house on cash instead of paying mortgage. He targets spending $400,000 on his dream house. He plans to set aside $1,200 every me to reach his target. He puts his savings in a Tax Free Savings Account (TFSA) and invests them in a high risk mutual fund, which has traditionally earns 12.2% annually. How long, in years and months, will it take John to reach his target? 5