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math14 o An investment of $643.00 earned interest semi-annually. If the balance after 7 years was $1488.41, what nominal annual rate compounded semi-annually was charged?

math14

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o An investment of $643.00 earned interest semi-annually. If the balance after 7 years was $1488.41, what nominal annual rate compounded semi-annually was charged? 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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