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PLEASE ANSWER ASAP MANUAL COMPUTATION. Kirk had accumulated $975,000 in his RRSP at the age of 55. Converted the RRSP into an RRIF at the
PLEASE ANSWER ASAP MANUAL COMPUTATION.
Kirk had accumulated $975,000 in his RRSP at the age of 55. Converted the RRSP into an RRIF at the time and started withdrawing $5,000 at the beginning of each month. If interest is 4.5% compounded monthly, what is the size of his final withdrawal?
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