A lease agreement valued at $15 000.00 requires payment of $900.00 at the beginning of every quarter for five years. What is the nominal rate of interest charged (compounded quarterly)? a. The nominal rate of interest is 4.36% (approx.) compounded quarterly. b. The nominal rate of interest is 6.12% (approx.) compounded quarterly. c. The nominal rate of interest is 7.03% (approx.) compounded quarterly. d.