For Your Retirement You Want to Have Enough Funds in Your

question 45

Multiple Choice

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

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Definitions:

Embryo

The early developmental stage of a multicellular organism following fertilization and prior to fetal development.

Pregnancy

The condition of having a developing embryo or fetus in the uterus, marked by various physical and hormonal changes.

Third Trimester

The final stage of pregnancy, spanning from week 28 to birth, characterized by significant fetal growth and bodily changes in preparation for childbirth.

Miscarriage

is the spontaneous loss of a pregnancy before the fetus is able to survive outside the womb, typically before 20 weeks of gestation.