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Hank has already saved $ 6 8 , 0 0 0 in his RRSP . Suppose he beeds to have $ 2 2 0 ,

Hank has already saved $68,000 in his RRSP. Suppose he beeds to have $220,000 saved by the end of 10 years. What are his monthly payments starting today if the RRSP can earn 8.1% compounded annually? By using this formula
Ordinary Annuity Future Value
FVORD=PMT((1+i)CYPY]N-1(1+i)CYPY-1
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