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Property worth $110,900.00 can be purchased for 12% down and mortgage payments of $2450.00 at the end of each quarter for 15 years. What is

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Property worth $110,900.00 can be purchased for 12% down and mortgage payments of $2450.00 at the end of each quarter for 15 years. What is the nominal annual rate of interest compounded quarterly? .... The nominal annual rate of interest compounded quarterly is % (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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