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Mr. Solis donated $ 100,000 to a church with the goal of allocating $ 5,000 each month for the conservation and maintenance of the altar.

Mr. Solis donated $ 100,000 to a church with the goal of allocating $ 5,000 each month for the conservation and maintenance of the altar. If the money is invested in a trust that capitalizes interest each month, find the value of the nominal rate.

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