Gabriel is converting an RRSP balance of $400,000 into a RRIF. Gabriel wants to receive $2,140 at the beginning of each month for 21 years. What nominal annual rate of interest compounded semi-annually is required? Round the answer (I/Y) to 2 decimal places. Choose BGN or END ? @ PV = $ P/Y = I/Y = % > Next Question PMT= $ C/Y= FV = $ N=

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A: See the attachment

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