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Surinder bomowed $1300.00 and agreed to pay $2625.53 in settlement of the debt in four years, six months. What annual nominal rate compounded semi-annually was

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Surinder bomowed $1300.00 and agreed to pay $2625.53 in settlement of the debt in four years, six months. What annual nominal rate compounded semi-annually was charged on the debe? -CED The nominal annual rate of interest is (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed)

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