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Anonymous Jas Kaur1
wrote...
A year ago
Mr. Deneau accumulated $70,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw ​$3600 at the end of every three months from the fund. If interest is 7.75​% compounded semi-annually​, for how long can Mr. Deneau make​ withdrawals? State your answer in years and months​ (from 0 to 11​ months).
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