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You are retiring and the balance of your RRSP is $223 126. What amount of monthly income, paid at the end of each month, could

You are retiring and the balance of your RRSP is $223 126. What amount of monthly income, paid at the end of each month, could this provide you for 20 years if you can get a 3.5% return compounded monthly?

A. $1,348.37

B. $1,326.81

C. $1,294.04

D. $1,230.90

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