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(1 point) (Exercise 4.4) An annuity-immediate that pays $558.43 quarterly for the next 9 years costs $12000. Calculate the nominal interest rate convertible monthly earned

(1 point) (Exercise 4.4) An annuity-immediate that pays $558.43 quarterly for the next 9 years costs $12000. Calculate the nominal interest rate convertible monthly earned by this investment. ANSWER = %

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