Question: ( 5 Marks ) Mr . Jones intends to make deposits of $ 6 0 0 at the end of each month for the next
Marks Mr Jones intends to make deposits of $ at the end of each month for the next years into an RRSP which pays interest at compounded monthly When he retires in years at the age of he intends to withdraw monthly end of month payments for the next years until he is What is the amount of the monthly withdrawal if the RRSP earns compounded monthly after he retires? Use mathematics of Finance formula's to calculate.
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