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Part $1$

A mortgage of $$$$98$ comma $000$ is amortized over $20$ years by monthly payments of $ $711\mathrm{.}76.$ What is the nominal annual rate of interest compounded$$ semi$-$annually?

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Part $1$

The nominal annual rate of interest is

$$

enter your response here$\%.$

$($Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as$$ needed.$)$