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Saving for education requires a future value of $85 700. If deposits of $4700 are made at the end of every year for 15 years,

Saving for education requires a future value of $85 700. If deposits of $4700 are made at the end of every year for 15 years, what is the nominal annual interest rate, compounded monthly, on this account? Select one: a. 32.750231% b. 5.484034% c. 2.729186% d. 2.695631%

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