What Monthly Compounded Nominal Rate of Return Must Rachel Earn

question 200

Multiple Choice

What monthly compounded nominal rate of return must Rachel earn in her RRSP in order for month-end contributions of $600 to accumulate to $750,000 in 25 years?

• A) 8.04%
• B) 9.65%
• C) 10.09%
• D) 11.48%
• E) 13.50%

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Definitions:

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Random Assignment

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