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Help Surinder borrowed $1400.00 and agreed to pay $2690.82 in settlement of the debt in eight years, six months. What annual nominal rate compounded semi-annually

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Surinder borrowed $1400.00 and agreed to pay $2690.82 in settlement of the debt in eight years, six months. What annual nominal rate compounded semi-annually was charged on the debt? The nominal annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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