Question: please show formula and clear solutions. round off answer to the nearest cent Question 9 of 12 What should be the amount in an RRSP

please show formula and clear solutions. round off answer to the nearest cent

Question 9 of 12 What should be the amount in an RRSP that is earning 6.50% compounded semi- annually if it can be converted to an RRIF that will provide $500 at the beginning of each quarter for 7 years? Round to the nearest cent

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