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Find i(the rate perperiod) and n(the number ofperiods) for the following annuity. Monthly deposits of $ 280 are made for 4 years into an annuity

Find i(the rate perperiod) and n(the number ofperiods) for the following annuity.

Monthly deposits of $280 are made for 4 years into an annuity that pays 7.5% compounded monthly

i=?

(Type an integer or decimal rounded to four decimal places asneeded.)

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