Elenin Case

Eleni contributed $500.00 every month into an RRSP for 15 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 $200,000.00?

The nominal annual rate of interest is ____?% compounded monthly.

Also find what is the discounted value of payments of $36.00 made at the end of each month for 5.75 years by elini if interest is 6 % compounded monthly?

The discounted value for elien is ?$_____.

?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

?(Round to two decimal places as? needed.)