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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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