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consist of 10 MCQ X Question 10 0.5pts At her 56 birthday Kate has accumulated CAD$ 195,000 in her RRSP account. She has stopped contribution,
consist of 10 MCQ X Question 10 0.5pts At her 56 birthday Kate has accumulated CAD$ 195,000 in her RRSP account. She has stopped contribution, but she will keep the money in her RRSP to grow at an expected 5.4% compounded monthly until she reaches 65. Then she uses the money to purchase a 20 year annuity. What will her end of month annuity payment if the money used to purchase annuity cams 4.2% compound monthly O O CADS 2.10661 CADS 1.330.39 O CADS 1952.59 OCADS 2.16061 Q Search 35 D 18+ 6 ? No new data to save Last checked at 10-10pm Submit Qui OF + 9 O " 49 ( 9 7 1 8 2 9 3 0 1/4 < A. AltCar Cas At her 56th birthday Kate has accumulated CAD$ 195,000 in her RRSP account. She has stopped contribution, but she will keep the money in her RRSP to grow at an expected 5.4% compounded monthly until she reaches 65. Then she uses the money to purchase a 20 year annuity. What will her end of month annuity payment if the money used to purchase annuity earns 4.2% compound monthly? O CAD$ 2,106,61 O CAD$ 1,330,39 O CAD$ 1,952.59 O CAD$ 2,160.61
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