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Luke withdrew $20,000 from his RRSP under the HBP. The first year a payment was...

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Accounting

Luke withdrew $20,000 from his RRSP under the HBP. The first year a payment was due, Luke made a payment of $4000. Calculate his new minimum payment for the following years in his repayment schedule. Do not include any dollar signs and round your answer to the nearest dollar

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