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At the age of 65 your grandfather decides to retire and use the money he saved in his RRSPs. He decided to get a fixed
At the age of 65 your grandfather decides to retire and use the money he saved in his RRSPs. He decided to get a fixed amount every quarter starting the day he retires. What type of payment is this?
a an annuity due
b n ordinary annuity
c a reverse ordinary annuity
d a reverse annuity due
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