If RRSP contributions of $3530.02 at the end ofevery six months are projected to generate a planworth $550,000 in 25 years, what nominal ratecompounded semi-annually and effective rates ofreturn were assumed in the forecast? (Do notround intermediate calculations and round yourfinal answers to 2 decimal places.)Nominal rate of return%Effective rate of return%

The effective rate of return is the pace of return created by a speculation when all variables…

every six months are projected to generate a plan worth $550,000 in 25 years, what nominal rate compounded semi-annually and effective rates o return were assumed in the forecast? (Do not round intermediate calculations and round your final answers to 2 decimal places.) N 0

every six months are projected to generate a plan worth $550,000 in 25 years, what nominal rate compounded semi-annually and effective rates o return were assumed in the forecast? (Do not round intermediate calculations and round your final answers to 2 decimal places.) N 0

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

If RRSP contributions of $3530.02 at the end of
every six months are projected to generate a plan
worth $550,000 in 25 years, what nominal rate
compounded semi-annually and effective rates of
return were assumed in the forecast? (Do not
round intermediate calculations and round your
final answers to 2 decimal places.)
Nominal rate of return
%
Effective rate of return
%

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