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Note: the Calculations for This Question Were Done Using Excel's

Question 33

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Note: The calculations for this question were done using Excel's RATE function.
What nominal rate of interest is paid on quarterly RRSP contributions of $573.00 made for 17.75 years if the balance just after the last contribution is $106 000.00?

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blured image Pmt -573.00
FV 1060...

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