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Sue Li deposited $300.00 into a savings account that compounded interest quarterly. What nominal annual rate compounded quarterly was earned on the investment if the

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Sue Li deposited $300.00 into a savings account that compounded interest quarterly. What nominal annual rate compounded quarterly was earned on the investment if the balance was $408.90 in six years? The nominal annual rate of interest is % per annum compounded quarterly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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