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2 7 . Mrs White contributed $ 2 0 0 0 to an RRSP account at the beginning of each half of year for the
Mrs White contributed $ to an RRSP account at the beginning of each
half of year for the past years. The plan earned compounded annually
for the first years and compounded semiannually for the last years.
She decided to convert her RRSP to a Registered Retirement Income Fund
RRIF and intend to withdraw equal amounts at the beginning of each month for
years. What monthly amount can be withdrawn by Mrs White if the RRIF
earns compounded monthly?
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