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To save for retirement, you place $350 at the beginning of every month into an RRSP. If you are set to retire after 20 years
To save for retirement, you place $350 at the beginning of every month into an RRSP. If you are set to retire after 20 years of payments and you expect to have saved $250,000, what nominal annual rate, compounded semi-annually could you accept?
Select one:
a.
9.952896
b.
2.182496%
c.
9.716865%
d.
9.653189%
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