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Author Question: Mr. Sepaba accumulated $600 000.00 in an RRSP. He converted the RRSP into an RRIF and started to ... (Read 141 times)

Zulu123

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Question 1

Mr. Lavergne accumulated $320 000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $7500.00 at the end of every three months from the fund. If interest is 4.68% compounded monthly, how many withdrawals can Mr. Lavergne make?

Question 2

Mr. Sepaba accumulated $600 000.00 in an RRSP. He converted the RRSP into an RRIF and started to withdraw $3000.00 at the end of every month from the fund. If interest is 4.5% compounded yearly, for how long can Mr. Sepaba make withdrawals?


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Marked as best answer by Zulu123 on Jun 6, 2019

whitcassie

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Zulu123

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Reply 2 on: Jun 6, 2019
:D TYSM


Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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