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Paige took out a cash advance of $1,820 from Nicols's City Pawn. The loan (cash advance) will be paid off over the next 4 years
Paige took out a cash advance of $1,820 from Nicols's City Pawn. The loan (cash advance) will be paid off over the next 4 years by payments of $261.41 made semiannually at the beginning of each payment period. What nominal interest rate, compounded semiannually, is Paige being charged? Choose BGN or END BGN Round your answer (nominal interest rate) to two decimal places. P/Y = 2 PV = $ 1820 % C/Y = 2 PMT= $261.41 N = 8 FV = $0 I/Y =
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