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Brendan is converting an RRSP balance of $250,000 into a RRIF. Brendan wants to receive $1,451 at the beginning of each month for 21 years.

Brendan is converting an RRSP balance of $250,000 into a RRIF. Brendan wants to receive $1,451 at the beginning of each month for 21 years. What nominal annual rate of interest compounded semi-a...

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