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3. Please check my answers. A vacation property valued at $29,900 was bought for 300 payments of $235 due at the end of every month.

3. Please check my answers.

A vacation property valued at $29,900 was bought for 300 payments of $235 due at the end of every month. What nominal annual rate of interest compounded quarterly was charged? The nominal annual rate of interest is 8.27% compounded quarterly. (Round to two decimal places as needed.)

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