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

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

Compute the nominal annual rate Of interest for the following ordinary simple annuity. Future Value Periodic Rent $600.00 $153.84 payment Interval 1 year Term 3 years Conversion Period annually The nominal annual rate of interest is (Round to two decimal places as needed.) % compounded annually.

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