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I have $ 1 , 0 0 0 , 0 0 0 in my RRSP when I retire. If I take $ 5 0 0

I have $

1, 000, 000

in my RRSP when I retire. If I take $

5000

out at the end of each month, for how long

(

how many years

)

can I make withdrawals? Assume RRSP pays

5 %

compounded quarterly.

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