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Use graphical approximation techniques or an equation solver to approximate the desired interest rate An...

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Algebra

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Use graphical approximation techniques or an equation solver to approximate the desired interest rate An employee opens a credit union account and deposits 120 at the end of each month After one year the account contains 1444 56 What annual nominal rate compounded monthly has the account earned The annual nominal rate is Round the final answer to two decimal places as needed Round all intermediate values to six decimal places as needed

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