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Jia is converting an RRSP balance of $250,000 into a RRIF. Jia wants to receive $1,637 at the beginning of each month for 17 years.

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Jia is converting an RRSP balance of $250,000 into a RRIF. Jia wants to receive $1,637 at the beginning of each month for 17 years. What nominal annual rate of interest compounded semi-annually is required? Round the answer (I/Y) to 2 decimal places. Choose BGN or END

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