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What nominal annual rate of interest is paid of RRSP contributions of $1100 made at the end of each quarter for fifteen years if the
What nominal annual rate of interest is paid of RRSP contributions of $1100 made at the end of each quarter for fifteen years if the balance just after the last contribution is $106,000? The nominal rate is % compounded quarterly. (Round to four decimal places as needed.) (Enter the values from your calculator below. Values should be integers or decimals. Use all non-negative values. PUT: 99 as the value for the variable you are solving for.) Step 1: N = 1% = PV= PMT= FV= PY= C/Y=
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