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Home Q & A Board Science-Related Homework Help Mathematics
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ikrabbe ikrabbe
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6 years ago
Jeff is retired and has an investment fund worth $210 000 in an RRSP, which earns 9% compounded semi-annually. He plans to withdraw only $2000 at the beginning of each month starting today. When will the fund become depleted?
A) 16 years and 6 months
B) 16 years 10 months
C) 8 years and 9 months
D) 9 years
E) 17 years
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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6 years ago
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ikrabbe Author
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6 years ago
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AlahuKakpar
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You make an excellent tutor!
Holly72492
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