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Cameron is 35 years old and intends to retire at the age of 60. He is planning to contribute $3000 at the beginning of each

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Cameron is 35 years old and intends to retire at the age of 60. He is planning to contribute $3000 at the beginning of each six-month period to an RRSP. What semi-annually compounded rate of interest must his RRSP earn in order to reach $600 000 after 25 years? Select one: A. 9.52% B. 4.72% C. 4.86% D. 9.72% E. 9.43%

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