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n investment of $1512.00 earned interest semi-annually. If the balance after 5 years was $1741.56, what nominal annual rate compounded semi-annually was charged? The nominal

n investment of

$1512.00

earned interest

semi-annually.

If the balance after

years was

$1741.56,

what nominal annual rate compounded

semi-annually

was charged?

The nominal annual rate of interest is

nothing%.

(Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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