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Mitchel purchased a $9000 dollar boat for $1500 down with the balance to be paid by 36 monthly payments of $226.29. What nominal monthly compounded

Mitchel purchased a $9000 dollar boat for $1500 down with the balance to be paid by 36 monthly payments of $226.29. What nominal monthly compounded rate of interest was charged in financing the boat? Example : 2.345% compounded annually _____% ( annuities and perpetuities)

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