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Find the nominal annual rate of interest for the following investment. Principal: $2500.00 Future Value: $3900.00 Time Due: 5 years Frequency of Conversion: semi-annually The

Find the nominal annual rate of interest for the following investment.

Principal: $2500.00

Future Value: $3900.00

Time Due: 5 years

Frequency of Conversion: semi-annually

The nominal annual rate of interest is __% per annum compounded semi-annually.

(Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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