Michael wants to retire in $20$ years with enough savings in his retirement plan to provide payments of $$4200$ at the end of every month for $30-$years after retirement. I accumulated $$60,000$ in his RRSP$.$

What RRSP contribution should Michael make at the end of each month for the next $20$ years for him to reach his goal?

Assume he earns $4\%$ compounded quarterly on his RRSP$,$ and $3\mathrm{.}6\%$ compounded monthly after retirement.

Answer:

What is N$,$ after Retirement?

Answer:

$$

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What is $\frac{1}{Y},$ after Retirement?

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