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) Payments of 50 are made at the end of each quarter for a year. These payments earn interest at a nominal rate of j%

) Payments of 50 are made at the end of each quarter for a year. These payments earn interest at a nominal rate of j% convertible quarterly. The interest is immediately reinvested at a nominal rate of 6% convertible quarterly. At the end of the year, the accumulated value of the 4 payments and the reinvested interest is 210. Calculate j

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