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lan is converting an RRSP balance of $275,000 into a RRIF. lan wants to receive $1,572 at the beginning of each month for 20 years.

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lan is converting an RRSP balance of $275,000 into a RRIF. lan wants to receive $1,572 at the beginning of each month for 20 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 BGN PV = $ PMT = $ FV = $ PNY = CNY = N = I/Y = %

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