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9. On January 1, 2019, Mr. Alex Cox transfers all of his RRSP funds into a RRIF, Mr.Cox is 65 years old on that date.

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9. On January 1, 2019, Mr. Alex Cox transfers all of his RRSP funds into a RRIF, Mr.Cox is 65 years old on that date. The fair market value of these assets on January 1, 2019 is 5645,000. The corresponding figure on January 1, 2020 is $668,300. What is the minimum withdrawal that Mr.Cox must make from the RRIF during 2019 and 2020? Please show your calculation and/or explanation in the table below in nearest dollar. (4 marks) Minimum Withdrawal Balance Calculation or Explanation 2019 2020

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