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1. An investment of $226,700 grows to $277,760 in 27 months. What was the nominal semi-annually compounded rate of interest used? Input I/Y in the

1. An investment of $226,700 grows to $277,760 in 27 months. What was the nominal semi-annually compounded rate of interest used?

Input I/Y in the answer box as a percentage with 2 decimals, without "%" sign. Input Ninthe second box.Example: Answer: 9.87; units: N= 1.25

The Answer to the question is=

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