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As of your 54th birthday, you have accumulated $269,000 in your RRSP. What size of end-of-month payments in a twenty-five year annuity will these funds

As of your 54th birthday, you have accumulated $269,000 in your RRSP. What size of end-of-month payments in a twenty-five year annuity will these funds purchase at age sixty-five if you make no further contributions? Assume that his RRSP and the investment in the annuity will earn 4.25% compounded monthly.

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