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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
Kirk had accumulated $975 000 in his RRSP at the age of 55. He converted the RRSP into an RRIF at that time and started withdrawing $5000 at the beginning of each month. If interest is 4.5% compounded monthly, what is the size of his final withdrawal?
A) $1739.27
B) $1409.28
C) $4947.31
D) $412.07
E) $33.82
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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6 years ago
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Hillier Author
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6 years ago
Thanks for your help!!
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This site is awesome
sadiewolf
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Smart ... Thanks!
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