Rousan Contributed $1900

question 42

Multiple Choice

Rousan contributed $1900.00 at the beginning of every month to an RRSP. Interest on the account is 4.95% compounded monthly. If she converted the balance after 13 years into an RRIF paying 7.1% compounded quarterly and makes equal quarterly withdrawals for 20 years starting three months after the conversion into the RRIF, what is the size of the quarterly withdrawal?

• A) $9789.48
• B) $8232.21
• C) $11 463.51
• D) 3831.66
• E) 1071.47

Comprehend the significance of time-to-market and its impact on a startup's success.

Recognize the successful traits and responsibilities of entrepreneurial leaders.

Acknowledge the complexities and necessity of managing change effectively in rapidly growing firms.

Understand how virtual teams and the Internet facilitate collaboration in new ventures.