Julie's RRSP savings of $250,000 is converted to an RRIF at 3.86% compounded monthly. It pays her

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Julie's RRSP savings of $250,000 is converted to an RRIF at 3.86% compounded monthly. It pays her $1750 at the beginning of every month. How many payments will it take to deplete the fund?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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