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What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,500 at the beginning of each month for 5 years,

What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,500 at the beginning of each month for 5 years, if the RRIF earns 4.75% compounded semi-annually? a. $123,957.62. b. $133,957.62. c. $132,927.62

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