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Luoxana contributed $ 5 , 0 0 0 . 0 0 every year into an RRSP for 1 8 years. What nominal annual rate of

Luoxana contributed $

5, 000.00

every year into an RRSP for

18

years. What nominal annual rate of interest will the RRSP earn if the balance in Luoxana's account just after she made her last contribution was $

195, 000.00 ?

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