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Question 5 of 13 What would be the nominal rate of interest compounded quarterly for an $62,500 annuity to pay you $1,500 at the end

Question 5 of 13 What would be the nominal rate of interest compounded quarterly for an $62,500 annuity to pay you $1,500 at the end of every three months for 15 years. Round to two decimal places

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