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A mortgage of $34,000 is repaid by making payments of $280 at the end of each month for 14 years. What is the nominal

A mortgage of $34,000 is repaid by making payments of $280 at the end of each month for 14 years. What is the nominal annual rate of interest compounded semi-annually? The nominal annual rate of interest is % compounded semi-annually. (Round to two decimal places as needed.)

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