How much will a registered retirement savings deposit

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Reference no: EM132758652

Problem 1: What is the nominal rate of interest compounded quarterly if the effective rate of interest on an investment is 5.3%?

Problem 2: How much will a registered retirement savings deposit of $13 500.00 be worth in 11 years at 8.44% compounded quarterly? How much of the amount is interest?

Reference no: EM132758652

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