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Caitlyn has already saved $16,650 in her non-registered account today. Suppose she plans to continue adding $252 at the end of every month for the
Caitlyn has already saved $16,650 in her non-registered account today. Suppose she plans to continue adding $252 at the end of every month for the next 8 years. In order to achieve her goal of having $55,000 at the end of the 8 years, what annual nominal rate of return must her investment earn? Enter the future value as a positive value in the FV box below. Enter PV and PMT as positive or negative values based on FV being positive. Report I/Y accurate to 3 decimal places
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