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8). George Springer will make $5,900 monthly payments into his Canadian Retirement account. At retirement, he will receive $10,000 monthly payments for 15 years. If

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8). George Springer will make $5,900 monthly payments into his Canadian Retirement account. At retirement, he will receive $10,000 monthly payments for 15 years. If rates are always 6.6 % compounded semi-annually, in how many years can her retire? (7 marks) a. How much money will George need in the future to sustain the $10,000 monthly payments for 15 years? b. In how many years can he retire

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