K Yin Li deposited $200.00 into a savings account that compounded interest quarterly. What nominal annual rate compounded quarterly was earned on the investment if the balance was $586.80 in eight years? *** The nominal annual rate of interest is% per annum compounded quarterly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

Yin Li doposited $200 o0 into a savings acocunt that compounded interest quarterly. What nominal anrual rate compounded cuarterly was earned on the imvestrnent if the balance was 3585.60 in eght yoars? The nominal ancual rate of interest is w per avinum corrgounded quarterty. (Round the Enal answer to four decimal places as needed Round all intermediale values to six decimal places as needed )