Question: 9, Sigrid contributed $200 every month for nine years into an RRSP earning 4.3% compounded annually. She then converted the RRSP into an annuity that

9, Sigrid contributed $200 every month for nine years into an

9, Sigrid contributed $200 every month for nine years into an RRSP earning 4.3% compounded annually. She then converted the RRSP into an annuity that pays her monthly for 20 years. If the first payment is due one month after the conver- sion, and interest on the annuity is 5.4% compounded semi-annually, how much will Sigrid receive at the end of every month

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