Question: 13. Carol set up an RRSP for a client when the client was 30 years old. The client put $750 into the account every month

13. Carol set up an RRSP for a client when the client was 30 years old. The client put $750 into the account every month until they retired at age 60. The account averaged an annual rate of 7.6% per year compounded annually. The client then wants to take a monthly disbursement from the account starting at age 60 for the next 25 years. What would the monthly disbursement be if the RRSP investment retained the same terms and after 25 years would have a zero balance? 2020-11-29 Page 21 of 25 Complete the tables and circle the value that was calculated for each table. First 30 Years PV FV Periods Rate Payment PMT/yr CMP/yr Next 25 Years PV FV Periods Rate Payment PMT/yr CMP/yr

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