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3. An engineer plans to borrow $10k to open his own consulting business. He must repay $215 a month for 5 years. What is the

3. An engineer plans to borrow $10k to open his own consulting business. He must repay $215 a month for 5 years. What is the nominal annual interest rate, based on monthly compounding? (Make sure to show any computer program you used to solve this!)

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