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After 10½ Years of Contributions of $2,000 at the End

Question 138

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After 10½ years of contributions of $2,000 at the end of every six months to an RRSP, the accumulated amount stood at $65,727.82. What semi-annually compounded nominal rate and effective annual rate of return were earned by the funds in the RRSP?

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8.50% cs a...

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