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Cameron invested an amount of $28,000.00 in a mutual fund. After 3 years and 6 months the accumulated value of his investment was $32,007.28. What

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Cameron invested an amount of $28,000.00 in a mutual fund. After 3 years and 6 months the accumulated value of his investment was $32,007.28. What is the nominal interest rate of the investment if interest is compounded quarterly? Round to two decimal places

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