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5- A mortgage of $80,000 is amortized over 15 years by monthly payments of $803.62. What is the nominal annual rate of interest compounded semi-annually?

5- A mortgage of $80,000 is amortized over 15 years by monthly payments of $803.62. What is the nominal annual rate of interest compounded semi-annually? The nominal annual rate of interest is ?%.

(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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