If contributions of $1500 at the beginning of every three months resulted in an RRSP worth $327,685

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If contributions of $1500 at the beginning of every three months resulted in an RRSP worth $327,685 after 20 years, what quarterly compounded nominal rate and effective rate of return did the RRSP earn?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:58 AM

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If contributions of $1500 at the beginning of every three months resulted in an RRSP worth $327,685

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The amount in the RRSP represents the future value of the contr...View the full answer

Business Mathematics In Canada

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