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4. A property worth $35,000 is purchased for 10% down and payments of $2,100 at the end of every six months for twelve years. What

image text in transcribed 4. A property worth $35,000 is purchased for 10% down and payments of $2,100 at the end of every six months for twelve years. What is the nominal annual rate of interest? Round your answer to three decimal places

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