Amy has contributed $6000 yearly into an R.R.S.P. from age 30 to 50 (20 deposits). At age 50 she makes no further contributions. At age 65 she purchases an annuity to pay her a monthly pension for next 30 years, first payment due in one month. From age 30 to 65 interest rate were 8% c.a. and her pension earns 4%c.m.

a) What does her contribution amounts to at age 50?

b) Determine the F.V. of her contributions at age 65.

c) What is the amount of pension she receives?

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