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for how many years will she be able to  make those $3,600 withdrawals before the money runs out?

for how many years will she be able to  make those $3,600 withdrawals before the money runs out?

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.17E
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 Saving up for her retirement Mr. Arta begins making deposits of  $3,000 at the end of every 3 months into her RRSP for 15 years. At  retirement, she will then immediately begin making withdrawals of  $3,600 at the beginning of the month. If her RRSP always earns 7%  compounded semi-annually, for how many years will she be able to  make those $3,600 withdrawals before the money runs out? 

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