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Find the nominal annual rate of interest for the following investment. Principal $944.00 Future Value $2506.02 Time Due 4 years Frequency of Conversion annually

Find the nominal annual rate of interest for the following investment. Principal $944.00 Future Value $2506.02 Time Due 4 years Frequency of Conversion annually The nominal annual rate of interest is % 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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