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Eleni contributed $400.00 every month into an RRSP for 25 years. What nominal annual rate of interest will the RRSP earn if the balance in
Eleni contributed $400.00 every month into an RRSP for 25 years. What nominal annual rate of interest will the RRSP earn if the balance in Eleni's account just after she made her last contribution was $450,000.00? The nominal annual rate of interest is% compounded monthly. (Round to two decimal places as needed.)
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