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Compute the nominal annual rate of interest for the following simple annuity due. The nominal annual rate of interest is ___%. (Round to two decimal

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

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The nominal annual rate of interest is ___%.

(Round to two decimal places as needed.)

Future Value Term Present Value Periodic Rent $971.52 Payment Period 1 month Conversion Period monthly $180,000 11 years

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