Tia has $35,000 in an RRSP that is growing at 3.6% compounded monthly. She wants to withdraw

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Tia has $35,000 in an RRSP that is growing at 3.6% compounded monthly. She wants to withdraw $650 at the beginning of every month from this RRSP. After how many withdrawals will the fund be completely depleted?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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