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What is the nominal annual rate of interest compounded

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Reference no: EM132566554

Question 1: What is the nominal annual rate of interest compounded semi-annually if deposits of ?$144 made each month for 5.5 years accumulate to ?$10,800??

The nominal annual rate of interest is _____?% compounded semi-annually.

(Round to two decimal places as? needed.)

Use a pre-programmed financial calculator to solve for the rate.

Reference no: EM132566554

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