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A person deposits $1.894 in an account that pays 7.35% interest per year. Interest is compounded 6 times per year. The money remains in the

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A person deposits $1.894 in an account that pays 7.35% interest per year. Interest is compounded 6 times per year. The money remains in the account for 8 years. What is the interest rate per period? Round to two decimal places as necessary. Type vour

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