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Alexandra is converting an RRSP balance of $400,000 into a RRIF. Alexandra wants to receive $2,465 at the beginning of each month for 17 years.

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Alexandra is converting an RRSP balance of $400,000 into a RRIF. Alexandra wants to receive $2,465 at the beginning of each month for 17 years. What nominal annual rate of interest compounded semi-annually is required? Round the answer (1/Y) to 2 decimal places. Choose BGN or END ? PV - $ PMT= S FV - $ P/Y - C/Y= N- 1/4 =

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