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Peter deposits $1339 at the end of every 3 months in an RRSP that is earning 7.78% compounded annually for the RSP to accumulate to 542597, calculate the following: How many deposits will he have to make? Round up to the next whole number Answer: Nicholas heard that he could triple his money in 79 years if he invested it in his friend's telecommunications business What nominal interest rate compounded monthly does the business offer? Round to two decimal places. Answer: 11