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Andrea is converting an RRSP balance of $510,034 into a RRIF. She wants to receive $2,000 at the end of each month for 31 years.
Andrea is converting an RRSP balance of $510,034 into a RRIF. She wants to receive $2,000 at the end of each month for 31 years. What nominal annual rate of interest compounded semi-annually is required? Round all answers to two decimal places where applicable. PV = 5 PMT= $ FV = 5 PAY CNY N = I/Y
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
