SOLUTION: 16.Rolfe set up an RRSP for a client when the client was 30 years old. The client put $750 into the account every month until they retired at age 60. The account averaged an annu
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Question 1189245: 16.Rolfe set up an RRSP for a client when the client was 30 years old. The client put $750 into the account every month until they retired at age 60. The account averaged an annual rate of return of 7.6% per year compounded annually. If the client then wanted to take a monthly disbursement from the account starting at age 60 for the next 25 years, what would the monthly disbursement be if the RRSP investment retained the same terms and after 25 years would have a zero balance?
please use a TVM solver! Thank you!!!! Answer by ikleyn(52794) (Show Source):
