Multiple Choice
What monthly compounded nominal rate of return must Rachel earn in her RRSP in order for month-end contributions of $600 to accumulate to $750,000 in 25 years?
A) 8.04%
B) 9.65%
C) 10.09%
D) 11.48%
E) 13.50%
Correct Answer:
Verified
Correct Answer:
Verified
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