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A mongage of $34,000 is repoid by making payments of $390 at the end of each month for 11 years. What is the nominal annual

A mongage of $34,000 is repoid by making payments of $390 at the end of each month for 11 years. What is the nominal annual rate of interest compounded semi-annually? The nominal annual rase of interest is % compounded semi-annually. (Round to two dedimal places as neededi)

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