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Sylvia wants to retire now, at age 62. She has $600,000 in her RRSP. If Sylvia can earn a nominal annual interest rate of 7%

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Sylvia wants to retire now, at age 62. She has $600,000 in her RRSP. If Sylvia can earn a nominal annual interest rate of 7% monthly on her RRSP funds and she expects to live until age 90, how much can she withdraw at the beginning of each month if she wants to leave $200,000 in her RRSP to bequeath to her grandchildren? $3,759 $3,737 $3,995 $3,863

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