Zack wants to have enough in his RRIF when he is 65 to provide $55,000 annual income

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Zack wants to have enough in his RRIF when he is 65 to provide $55,000 annual income for 39 years. Assume the funds would get a 1.9% annual real rate of return. How much does he need to have in his RRIF at age 65?

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Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: May 03, 2023 06:31 AM

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Zack wants to have enough in his RRIF when he is 65 to provide $55,000 annual income

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ANSWER To determine how much Zack needs to have in his RRIF at age 6... View the full answer

Personal Finance Turning Money into Wealth

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