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Bonny converted an RRSP balance (saving fund) of $9,000 into an RRIF (income fund) that will pay her $250 at the end of every month

Bonny converted an RRSP balance (saving fund) of $9,000 into an RRIF (income fund) that will pay her $250 at the end of every month for 5 years. What is the funds nominal rate compounded monthly?

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