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Mr. Lavergne accumulated $220 000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $5500.00 at the end of every

Mr. Lavergne accumulated $220 000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $5500.00 at the end of every three months from the fund. If interest is 8.68% compounded monthly, how many withdrawals can Mr. Lavergne make? (Calculate to one decimal place, eg 12.3)

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