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Twelve years ago, Mr . Lawton rolled a $ 2 9 , 0 0 0 retiring allowance into an RRSP that subsequently earned 1 1
Twelve years ago, Mr Lawton rolled a $ retiring allowance into an RRSP that subsequently earned compounded semiannually. Three years ago he transferred the funds to an RRIF. Since then, he has been withdrawing $ at the end of each quarter. If the RRIF earns compounded quarterly, how much longer can the withdrawals continue? Do not round intermediate calculations and round up the number of payments, to the next whole number.
years and months.
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