Question
An RRIF with a beginning balance of $18,750 earns interest at 6.5% compounded quarterly. If withdrawals of $325 are made at the beginning of every
An RRIF with a beginning balance of $18,750 earns interest at 6.5% compounded quarterly. If withdrawals of $325 are made at the beginning of every months, starting 5 years from now, how long will the RRIF last?Answer inMONTHS.Round properly.
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Forensic Accounting And Fraud Examination
Authors: Paul Barnes
1st Edition
1118454138, 978-1118454152
