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If $ 4 8 5 , 0 0 0 accumulated in an RRSP is used to purchase an annuity earning 7 . 2 % compounded
If $ accumulated in an RRSP is used to purchase an
annuity earning compounded monthly and paying $ at the
end of each month, what will be the term of the
annuity?Do not round intermediate calculations and
round up the final answer to the nearest month.It will bemonths
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