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Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Conversion Period Interval 1 year annually Future Value Periodic Rent

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Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Conversion Period Interval 1 year annually Future Value Periodic Rent $900.00 $143.00 Term 5 years The nominal annual rate of interest is % compounded annually. (Round to two decimal places as needed.)

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