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Kindly assist me ASAP What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is repaid in seven years by

image text in transcribedKindly assist me ASAP

What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is repaid in seven years by payments of $1000 made at the end of every three months? The nominal annual rate of interest is % compounded quarterly (Round to two decimal places as needed.)

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