What is the nominal annual rate of interest compounded quarterly if deposits of $135 made...
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What is the nominal annual rate of interest compounded quarterly if deposits of $135 made each month for 6.5 years accumulate to $13,400? The nominal annual rate of interest is % compounded quarterly. (Round to two decimal places as needed.) (Enter the values from your calculator below. Values should be integers or decimals. Use all non-negative values. PUT: 99 as the value for the variable you are solving for.) Step 1: N=1% = PV=PMT=Fv=0 C/Y= P/Y= 0
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