Ellie contributed $200.00 every month into an RRSP for 18 years. What nominal annual rate of interest

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Ellie contributed $200.00 every month into an RRSP for 18 years. What nominal annual rate of interest will the RRSP earn if the balance in Ellie's account just after she made her last contribution was $125,000.00?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: May 03, 2024 08:14 AM

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Ellie contributed $200.00 every month into an RRSP for 18 years. What nominal annual rate of interest

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To find the nominal annual rate of interest we can use the formula for ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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