Tanisha Sharma 11/06/23 7:35 PM Question 5 of 7 This test: 7 point(s) possible This question: 1 point(s) possible Find the nominal annual rate of-interest for the following investment. Principal Future Value Time Due Frequency of Conversion $706.00 $2849.46 8 years monthly The nominal annual rate of interest is % compounded monthly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)