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ge Next Page Page 3 of 9 Question 3 (10 points) Elise plans to retire 20 years from now when she turns 65. She has

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ge Next Page Page 3 of 9 Question 3 (10 points) Elise plans to retire 20 years from now when she turns 65. She has $84,700 accumulated in RRSP and plan to deposit additional money each month to her RRSP for exactly 20 years, starting today. Twenty years from today, she plans to withdraw $19,000 to pay for a vacation and uses the remaining funds to buy an annuity that pays $5,200/month for 15 years, with the first withdrawal arting one month after she turns 65 (i.e. 20 years and 1 month n today). She anticipates earning 5.0%, compounded monthly, we entire time. How much must Elise deposit each month into her retirement plan? Your

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