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Michael wants to retire in 2 0 years with enough savings in his retirement plan to provide payments of $ 4 2 0 0 at

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.He has already accumulated $50,000 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 3.6% compounded monthly after retirement.

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