Solution-For how long can Mr Deneau make withdrawals

For how long can Mr Deneau make withdrawals

Reference no: EM133032753

Question - Mr. Deneau accumulated $100,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $1200 at the end of every month from the fund. If interest is 6.25% compounded semi-annually, for how long can Mr. Deneau make withdrawals? State your answer in years and months (from 0 to 11 months).

Reference no: EM133032753

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For how long can Mr Deneau make withdrawals : Mr. Deneau accumulated $100,000 in an RRSP. He converted the RRSP into a RRIF, For how long can Mr Deneau make withdrawals

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For how long can Mr Deneau make withdrawals

Reference no: EM133032753

Reference no: EM133032753

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