Question: Divya just turned 30 years old and is considering saving for her retirement. She plans to save annually in her registered retirement saving plan (RRSP)

Divya just turned 30 years old and is considering saving for her retirement. She plans to save annually in her registered retirement saving plan (RRSP) starting on her next birthday. - The first savings deposit will be $Z and her last deposit will be on the date of her retirement. - She expects to increase her savings by 4.5% each year. - Assume the RRSP can earn an interest rate of 10%. If she needs a total of $80,000 for her retirement at the age of 60 , how much should Divya's first savings deposit amount be (the value of Z)? Answer in $ and include two decimal places. Do not include the ' $ ' in your answer. E.g. 987.65 would be entered if the answer was $987.6543. Your

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