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What is the nominal annual rate of interest compounded monthly at which $1860.00 will accumulate...

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Question

Accounting

What is the nominal annual rate of interest compounded monthly at which $1860.00 will accumulate to $2663.01 in two years and seven months?

Part 1

The nominal annual rate of interest is ______%.

(Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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