Question: Mr . Deneau accumulated $ 9 5 , 0 0 0 in an RRSP . He converted the RRSP into a RRIF and started to

Mr. Deneau accumulated $95,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $5400 at
the end of every three months from the fund. If interest is 4.75% compounded semi-annually, for how long can Mr.
Deneau make withdrawals? State your answer in years and months (from 0 to 11 months).
He can make withdrawals for year(s) and month(s).
Mr. Deneau accumulated $95,000 in an RRSP. He converted the RRSP

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