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Mitchell invested an amount of $12,000.00 in a mutual fund. After 3 years and 6 months the accumulated value of her investment was $13,747.22. What

Mitchell invested an amount of $12,000.00 in a mutual fund. After 3 years and 6 months the accumulated value of her investment was $13,747.22. What is the nominal interest rate of the investment if interest is compounded monthly?

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