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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