Question
Luoxana contributed $90.00 every month into an RRSP for 5years. What nominal annual rate of interest will the RRSP earn if the balance in Luoxana's
Luoxana contributed $90.00 every month into an RRSP for 5years. 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 $125,000.00? The nominal annual rate of interest is Round to two decimal places as needed.) compounded monthly.
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Hence Nominal annual rate of interest is 1035 08612 Function Arguments RATE Nper 1812 ...Get Instant Access to Expert-Tailored Solutions
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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