every six months are projected to generate a plan worth $550,000 in 25 years, what nominal rate compounded semi-annually and effective rates o return were assumed in the forecast? (Do not round intermediate calculations and round your final answers to 2 decimal places.) N 0
every six months are projected to generate a plan worth $550,000 in 25 years, what nominal rate compounded semi-annually and effective rates o return were assumed in the forecast? (Do not round intermediate calculations and round your final answers to 2 decimal places.) N 0
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 2E
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Transcribed Image Text:If RRSP contributions of $3530.02 at the end of
every six months are projected to generate a plan
worth $550,000 in 25 years, what nominal rate
compounded semi-annually and effective rates of
return were assumed in the forecast? (Do not
round intermediate calculations and round your
final answers to 2 decimal places.)
Nominal rate of return
%
Effective rate of return
%
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