Multiple Choice
What annually compounded rate of return must Rachel earn in her RRSP in order for month-end contributions of $450 to accumulate to $750,000 in 25 years?
A) 12.26%
B) 9.43%
C) 10.71%
D) 11.32%
E) 11.93%
Correct Answer:
Verified
Correct Answer:
Verified
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