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A vacation property valued at $42,500 was bought for 50 payments of $1790 due at the end of every 6 months. What nominal annual rate

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A vacation property valued at $42,500 was bought for 50 payments of $1790 due at the end of every 6 months. What nominal annual rate of interest compounded annually was charged? The nominal annual rate of interest is % compounded annually. (Round to two decimal places as needed.)

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