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Anais knows how the Home Buyers Plan (HBP) works. As of today, the market value of her Registered Retirement Savings Plan (RRSP) is valued at

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Anais knows how the Home Buyers Plan (HBP) works. As of today, the market value of her Registered Retirement Savings Plan (RRSP) is valued at $46,320 but under the HBP, the maximum withdrawal permitted is $35,000 from a Registered Retirement Savings Plan (RRSP). If Anais only wants to withdraw the minimum amount from her RRSP for a conventional mortgage based on a property valued at $170,000, what is the minimum annual repayment required under the HBP? Hint repayments are at least 1/15 th of the amount that she borrows under this plan. Select one: a. $3,044.33 b. $2,266.67 c. $3,754.67 d. $2,333.33 e. $3,433.33

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