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Find the nominal annual rate of interest for the following investment. Principal 52100.00 Future Value $3800.00 Time Due 6 years Frequency of Conversion annually The

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

Principal

52100.00

Future Value

$3800.00

Time Due

6 years

Frequency of Conversion annually

The nominal annual rate of interest is __% per annum compounded 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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