Bhupinder, who has just had his 55th birthday, invested $3740 on that day for his retirement. The

Question:

Bhupinder, who has just had his 55th birthday, invested $3740 on that day for his retirement. The RRIF investment earns 8% compounded monthly. For how long will he be able to withdraw $1100 at the beginning of each year, starting on his sixty-fifth birthday?

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