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A debt of $845.99 was to be repaid in 15 months. If $918.18 was repaid, what was the nominal rate compounded monthly that was charged?

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A debt of $845.99 was to be repaid in 15 months. If $918.18 was repaid, what was the nominal rate compounded monthly that was charged? The nominal rate compounded monthly is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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