Philippe Contributed $4,300 to an RRSP Eight Years and Six

question 75

Short Answer

Philippe contributed $4,300 to an RRSP eight years and six months ago. The money was invested in a Canadian Equity mutual fund. The investment is now worth $5537.82. Over the entire period, what monthly compounded nominal rate of return has the investment delivered?

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Definitions:

Systems Theory

An interdisciplinary study of systems in general, focusing on principles that apply to all types of systems, from biological to social.

Community Health

The field of public health focusing on the well-being of individuals within a community through prevention and treatment of diseases.

Health Care Needs

The required medical services and support necessary to maintain an individual’s health.

Decisional Processes

The series of cognitive steps taken to evaluate information, weigh options, and make choices or solve problems.