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Surinder borrowed $1400.00 and agreed to pay $2088.05 in sottlement of the debt in two years, six months. What annual nominal rate compounded semi-annialy was

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Surinder borrowed $1400.00 and agreed to pay $2088.05 in sottlement of the debt in two years, six months. What annual nominal rate compounded semi-annialy was charged on the dobt? The nominal annual rate of interest is (Round the final answer to four decimal places as neodod. Round all intermediate values to six decimal places as needed)

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