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5. Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Interval Conversion Period annually Future Value Periodic Rent $732.00 Term

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5. Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Interval Conversion Period annually Future Value Periodic Rent $732.00 Term 4 years $3,200.00 1 year The nominal annual rate of interest is (Round to two decimal places as needed.) % compounded annually

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