Question: PLEASE HELP ME TO SOLVE THIS. HOW TO GET THIS CORRECT ANSWER. Brent wants to have enough in his RRIF when he retires at age

PLEASE HELP ME TO SOLVE THIS. HOW TO GET THIS CORRECT ANSWER.

Brent wants to have enough in his RRIF when he retires at age 65 to be able to provide himself an annual income of $63,000 lasting until his age of 108. He is assuming a real rate of return on his RRIF of 2%. How much does he need to have accumulated in his RRIF at age 65 to provide this retirement income? Input the number to the nearest dollar.

Correct Answer: 1,805,678 1

The correct answer is 1805678

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