Question: please explain your answer Luoxana contributed $90.00 every three months into an RRSP for 5 years. What nominal annual rate of interest will the RRSP

please explain your answer

please explain your answer Luoxana contributed $90.00 every three months into an

Luoxana contributed $90.00 every three months into an RRSP for 5 years. What nominal annual rate of interest will the RRSP earn if the balance in Luoxana's account just after she made her last contribution was $2,200.00? The nominal annual rate of interest is % compounded quarterly. (Round to two decimal places as needed.)

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