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For the following annuity due, determine the nominal annual rate of interest. Future Value Present Value $10,486 Periodic Rent $360 Payment Period Term Conversion Period

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For the following annuity due, determine the nominal annual rate of interest. Future Value Present Value $10,486 Periodic Rent $360 Payment Period Term Conversion Period 21 years semi-annually 1 year The nominal annual rate of interest is %. (Round to two decimal places as needed.)

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