Question
John accumulated $320,000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $7,500.00 at the end of every three months
John accumulated $320,000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $7,500.00 at the end of every three months from the fund. If interest is 4.68% compounded monthly, how many withdrawals can John make?
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
