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A property worth $26,000 is purchased for 10% down and payments of $6,361 at the end of every year for 4 years. What is the

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A property worth $26,000 is purchased for 10% down and payments of $6,361 at the end of every year for 4 years. What is the nominal annual rate of interest? The nominal annual rate of interest is approximately % compounded annually. (Round to two decimal places as needed.)

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