Mr . Deneau accumulated $ 8 2 , 0 0 0 in an RRSP . He converted

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Question:

.

Deneau accumulated $

82, 000

in an RRSP

.

He converted the RRSP into a RRIF and started to withdraw $

5100

at the end of every three months from the fund. If interest is

9.75 %

compounded monthly, for how long can Mr

.

Deneau make withdrawals? State your answer in years and months

(

from

0

11

months

) .

He can make withdrawals for year

(

)

and months

(

)

Posted Date: May 18, 2024 06:08 PM

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Mr . Deneau accumulated $ 8 2 , 0 0 0 in an RRSP . He converted

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