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Home Q & A Board Science-Related Homework Help Mathematics
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Rosa Rosa
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10 months ago
Leslie received a $40,000 settlement when her employer declared her job redundant. Under special provisions of the Income Tax Act, she was eligible to place $22,000 of the amount in an RRSP. Fifteen years from now, she intends to transfer the money from the RRSP to a Registered Retirement Income Fund (RRIF). Thereafter, Leslie will make equal withdrawals at the end of each quarter for 20 years. If both the RRSP and the RRIF earn 8.5% compounded quarterly, what will be the amount of each withdrawal?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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herrooherroo
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10 months ago
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Rosa Author
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10 months ago
Helped a lot
Transonic
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
emilyas19
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2 hours ago
This site is awesome
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