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An amount of $63,620 was accumulated after 6 years of payments of $8,065.70 at the beginning of every 12 months. Find the corresponding interest rate

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An amount of $63,620 was accumulated after 6 years of payments of $8,065.70 at the beginning of every 12 months. Find the corresponding interest rate as a percentage with 2 decimals, e.g., 9.87 a) What is the monthly compounded nominal rate? Mode BGN N = S P/Y = Rate = 2.91 b) What is the effective rate

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