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What should be the balance in a Registered Retirement Income Fund ( RRIF ) that will provide $ 2 , 5 0 0 at the

What should be the balance in a Registered Retirement Income Fund

(

RRIF

)

that will provide $

2, 500

at the beginning of each half

-

year for

5

years, if the RRIF earns

4.25 %

compounded quarterly?

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