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Susan's RRSP 
20090805 

From Polly: Susan contributed $500 every 6 months for 14 years into a RRSP earning interest @ 7.5% compounded semiannually. Seven years after the last contribution Susan converted the RRSP into a RRIF which is to pay her equal 1/4 payments for 16 years. If the first payment is due 3 months after the conversion into the RRIF and the interest on the RRIF is 9% compounded 1/4, how much will Susan receive every 3 months? Answered by Stephen La Rocque. 


