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Finance Assignment | Professional Writing

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June 9th, 2020

Eleni contributed $3,000.00 every year into an RRSP for 10 years. What nominal annual rate of interest will the RRSP earn if the balance in Eleni’s account just after she made her last contribution was $ 40 000.00 ?

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The nominal annual rate of interest is ​% compounded annually.

​(Round to two decimal places as​ needed.)

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