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Meryl just turned 50 years old. She put $50,002 into her RRSP today. She will leave the money her RRSP until her 65th birthday She

Meryl just turned 50 years old. She put $50,002 into her RRSP today. She will leave the money her RRSP until her 65th birthday She will then purchase a 10-year annuity with the first withdrawal one month later. Use j12 = 7% a) What will be the size of the monthly withdrawals? b) How much interest did Meryl earn over the 25 years?

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