If retirement savings are deposited at the beginning of the year how much money will be...

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If retirement savings are deposited at the beginning of the year how much money will be there in the retirement fund, 7 years from now. For their retirement savings I want to suggest that they should open one TFSA account in name of Mina also. If they will do so, then they don't have to pay tax on their earnings in this account. They will earn 7% per year and there will be no tax charged. They took $60,000 from the savings now they are left with $32,000 in that account and have a surplus of $8,000 that means that they can save $40,000 to invest. Mina has a room of $57,500 1 am going to suggest depositing this amount in TFSA of Mina. They can invest $8,000 as previous will get carry forward for next year. So, if they will follow this they can have $125,463.43 as their retirement fund. If retirement savings are deposited at the beginning of the year how much money will be there in the retirement fund, 7 years from now. For their retirement savings I want to suggest that they should open one TFSA account in name of Mina also. If they will do so, then they don't have to pay tax on their earnings in this account. They will earn 7% per year and there will be no tax charged. They took $60,000 from the savings now they are left with $32,000 in that account and have a surplus of $8,000 that means that they can save $40,000 to invest. Mina has a room of $57,500 1 am going to suggest depositing this amount in TFSA of Mina. They can invest $8,000 as previous will get carry forward for next year. So, if they will follow this they can have $125,463.43 as their retirement fund.