For your retirement you want to have enough funds in your RRSPs to provide an income stream of $22 000 for 30 years.How much money would you need to have accumulated if your RRSPs averaged a real return of four percent per year? (Round to the nearest thousand)
A) $384 000
B) $627 000
C) $660 000
D) $380 000
Correct Answer:
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