Marissa converted an RRSP balance of $125,000 into an RRIF that will pay he $1,850 at the end of every month for 9 years. What is the nominal annual rate interest compounded semi-annually? 11.58% 0 0.97%
Marissa converted an RRSP balance of $125,000 into an RRIF that will pay he $1,850 at the end of every month for 9 years. What is the nominal annual rate interest compounded semi-annually? 11.58% 0 0.97%
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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