Assignment Complete the following assignment and submit your work to the dropbox. ore you upload your file, ensure your name appears on the top of every page of your document, Purchasing a new car. In how many years would you like to purchase a new car? If you already own a car estimate how long until you would like to purchase another one. How much do you want to spend on your new car? If you find an investment that offers interest at a rate of 5.9%/a compounded monthly, what must your regular monthly payments be to reach your goal? ..John graduated from college and is now earning $65 000 a year. He gets paid $5200.00 every month. - How much should John deposit into a RRSP if he decided to contribute 10% of his salary? 5. If John's RRSP averages interest at a rate of 7.2%/a compounded monthly, how much will he have saved if he retires in 20 years? -. If John's RRSP averages interest at a rate of 7.2%/a compounded monthly, how much will he have saved if he retires in 25 years? is a disclaimer. External Resources will open in a new window. Not responsible for external content. erview | Expectations Content Assignment