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Compute the nominal annual rate of interest for the following simple annuity due. Future Present Periodic Payment Term Conversion Value Value Rent Period Period $4,500

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Compute the nominal annual rate of interest for the following simple annuity due. Future Present Periodic Payment Term Conversion Value Value Rent Period Period $4,500 $447.08 1 year 17 years annually The nominal annual rate of interest is %. (Round to two decimal places as needed.)

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