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Gregory invested $5,100 into an account that grew to $15,500 over a period of 11 years. What is the nominal interest rate compounded monthly? Round

Gregory invested $5,100 into an account that grew to $15,500 over a period of 11 years. What is the nominal interest rate compounded monthly? Round I/Y to two decimal places.

P/Y = C/Y N I/Y
%

PV PMT FV
$ $

$

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