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Jeff is retired and has an investment fund worth $210 000 in an RRSP, which earns 9% compounded semi-annually. He plans to withdraw only $2000
Jeff is retired and has an investment fund worth $210 000 in an RRSP, which earns 9% compounded semi-annually. He plans to withdraw only $2000 at the beginning of each month starting today. When will the fund become depleted?
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