What nominal annual rate of interest is paid on RRSP contributions of $1100 made at the end

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What nominal annual rate of interest is paid on RRSP contributions of $1100 made at the end of each quarter for 15 years if the balance just after the last contribution is $106 000?

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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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Question Posted: Feb 26, 2016 03:57 AM

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What nominal annual rate of interest is paid on RRSP contributions of $1100 made at the end

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Contemporary Business Mathematics with Canadian Applications

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