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A property worth $13,000 is purchased for 10% down and payments of $634 at the end of every six months for 11 years. What is

A property worth $13,000 is purchased for 10% down and payments of $634 at the end of every six months for 11 years. What is the nominal annual rate of interest? The nominal annual rate of interest is approximately % compounded semi-annually. (Round to two decimal places as needed.)

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