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If a person invests $100,000 now and receives $4,000 per quarter for 10 years, the nominal rate of return per year is nearest to: a.

If a person invests $100,000 now and receives $4,000 per quarter for 10 years, the nominal rate of return per year is nearest to:

a. 2%

b. 4%

c. 10%

d. 20%

Please explain your answer

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