An investment of $875.00 earned interest semi-annually. If the balance after 5 years was $1660.59, what nominal annual rate compounded semi-annually was charged? The nominal annual rate of interest is % (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) A bank pays 8.8% compounded semi-annually on certain types of deposits. If interest is compounded quarterly, what nominal rate of interest will maintain the same effective rate of interest? The nominal rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) Surinder borrowed $1300.00 and agreed to pay $2035.38 in settlement of the debt in three years, three months. What annual nominal rate compounded quarterly was charged on the debt? The nominal annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)