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A property worth $ 2 2 , 0 0 0 is purchased for 1 0 % down and payments of $ 1 8 6 at

A property worth $22,000 is purchased for 10% down and payments of $186 at the end of every month for 11 years. What is the nominal annual rate of interest?
The nominal annual rate of interest is approximately % compounded monthly.
(Round to two decimal places as needed.)
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