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George plans to deposit $2500 at the end of every 3 months for 15 years into an RRSP account. After the last deposit, he intends

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George plans to deposit $2500 at the end of every 3 months for 15 years into an RRSP account. After the last deposit, he intends to convert the existing balance into a RRIF and withdraw equal amounts at the beginning of every month for 20 years. If interest is expected to be 3.45% compounded semi-annually, how much will George be able to collect every 6 months? Format B V ... I U PV 0 -2500 -2500 PMT FV 195164.9853 195164.9853

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