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The nominal annual rate of interest is compounded annually. Reese contributed $3,000.00 every year into an RRSP for 10 years. What nominal annual rate of

image text in transcribed The nominal annual rate of interest is compounded annually.

Reese contributed $3,000.00 every year into an RRSP for 10 years. What nominal annual rate of interest will the RRSP earn if the balance in Reese's account just after she made her last contribution was $40,000.00

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