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Compute the nominal annual rate of interest for the following ordinary simple annuity Future Value: $5200 Periodic Rent: $517 Pmt Interval: 1 year Term: 8

Compute the nominal annual rate of interest for the following ordinary simple annuity

Future Value: $5200

Periodic Rent: $517

Pmt Interval: 1 year

Term: 8 yrs

Conversion Period: Annually

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