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Posted on Aug 09, 2024

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

Hank has already saved $

68, 000

in his RRSP

.

Suppose he needs 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?

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