Nominal interest rate compounded quarterly

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The value of a 7 year lease that requires payments of $850 made at the beginning of every quarter is $20,900. What is the nominal interest rate compounded quarterly? Round to two decimal places.

Reference no: EM131041370

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Nominal interest rate compounded quarterly : The value of a 7 year lease that requires payments of $850 made at the beginning of every quarter is $20,900. What is the nominal interest rate compounded quarterly? Round to two decimal places.
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