Wikola just turned 50 years old and is planning to recire at age 63 , Sthe has already saved $247,000.00 in her RRSP. If she continues to contribute $500.00 at the peginning of every month, how much money will be in her RRSP al retirement if it can eam 8.5% compounded monthly? No deposit is made the day she tums 63 . a. Use the compound interest formula, FV=PV(1+i)N, to find the future vacie of the current arrourt in the investrnent: At retirement, the $247,000,00 wir have grown to b. Determine the annuity type Cersany Simple Arriuhy Ordinary General Annuity Sirrcle Annuity Due General Annuty Due c. Identify the folowing pieces of information to be used to calculate the future value of the annaty. Perkodic Paytuert: PMT: Number of Payments per Year 19y Tou Number of Payrents N Aroual inerest fale : r= Number or Compounerigs per Year CY