Question: Carol set up an RRSP for a client when the client was 3 0 years old. The client put $ 7 5 0 into the
Carol set up an RRSP for a client when the client was years old. The client put $ into the account every month until they retired at age The account averaged an annual rate of per year compounded annually. The client then wants to take a monthly disbursement from the account starting at age for the next years. What would the monthly disbursement be if the RRSP investment retained the same terms and after years would have a zero balance?
First Years?
Next Years?
Please show steps, the answers are $First Years and $Next years
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