Mr. Deneau accumulated 588,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $4200 at the end of every three months from the fund. If interest is 10.45% compounded annually, for how long can Mr. Deneau make withdrawals?

State your answer in years and months (from 0 to 11 months).

He can make withdrawals for year(s) and month(s).

Please answer with steps involved for calculation

Mr. Deneau accumulated 588,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $4200 at the end of every three months from the fund. If interest is 10.45% compounded annually, for how long can Mr. Deneau make withdrawals? State your answer in years and months (from 0 to 11 months). He can make withdrawals for year(s) and month(s)