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please solve in 15 minutes An amount of $29,200 will provide 9 years of payments of $2,518.50 at the end of every 6 months. Find

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please solve in 15 minutes

An amount of $29,200 will provide 9 years of payments of $2,518.50 at the end of every 6 months. Find the corresponding interest rate as a percentage with 2 decimals, e.g., 9.87 a) What is the monthly compounded nominal rate? Mode A/ N = A P/Y = A Rate = AJ b) What is the effective rate? A

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