Philippe contributed $4300 to an RRSP eight years and six months ago. The money was invested in

Question:

Philippe contributed $4300 to an RRSP eight years and six months ago. The money was invested in a Canadian Equity mutual fund. The investment is now worth $10,440.32. Over the entire period, what annually compounded nominal rate of return has the investment delivered?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: