Ronelda has accumulated $49,248.55 in her RRSP. If she makes no further contributions and her RRSP continues
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Ronelda has accumulated $49,248.55 in her RRSP. If she makes no further contributions and her RRSP continues to earn 4.5% compounded monthly, for how long a period of deferral must she wait before her RRSP can sustain month-end withdrawals of $400 for 15 years?
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Given Hence The period of deferral is 1612 or 1 year 4 months PMT 400 ...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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