What monthly amount would she be able to withdraw

Reference no: EM133559957

Question: Jane will retire next month and have $650,000 in her Registered Retirement Savings Plans (RRSP's). She wants a monthly payment at the beginning of each month and expects to earn 7%, compounded monthly from the equity and bond markets. What monthly amount would she be able to withdraw if her fund is expected to last 25 years?

Reference no: EM133559957

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