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business math Harleen has deposited $125 at the end of each month for 13 years at 4.68% compounded monthly. After her last deposit she converted

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business math

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Harleen has deposited $125 at the end of each month for 13 years at 4.68% compounded monthly. After her last deposit she converted the balance into an ordinary annuity paying $890 every three months for nine years. What is the nominal annual rate of interest compounded quartely paid by the annuity

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