Question: Thirteen years ago, Mr . Lawton rolled a $ 3 6 , 0 0 0 retiring allowance into an RRSP that subsequently earned 1 1

Thirteen years ago, Mr. Lawton rolled a $36,000 retiring allowance into an RRSP that subsequently earned 11.9% compounded semiannually. Five years ago he transferred the funds to an RRIF. Since then, he has been withdrawing $2900 at the end of each quarter. If the RRIF earns 9.9% compounded quarterly, how much longer can the withdrawals continue? (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.)
years and months.

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