Question: John would like to have $ 3 8 0 , 0 0 0 in his RRSP when he retires. He will make payments at the

John would like to have $380,000 in his RRSP when he retires. He will make payments at the end of
each month until the goal is achieved. The interest rate is 8% compounded annually. How many
payments will he have to make?

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