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Ricky borrowed $1,050 from Bubbles and agreed to pay $1,575 in settlement of the loan in 3 years and 9 months. What nominal interest rate

Ricky borrowed $1,050 from Bubbles and agreed to pay $1,575 in settlement of the loan in 3 years and 9 months. What nominal interest rate compounded quarterly was charged on the loan? % Round to two decimal places

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