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Mr Deneau accumulated $100000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $4500 at the end of every 3
Mr Deneau accumulated $100000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $4500 at the end of every 3 months from the fund. If interest is 6.75% compounded monthly, for how long can Mr. Deneau make withdrawls?
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