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Taylor invested an amount of $16,000 in a mutual fund. After 3 years and 3 months the accumulated value of her investment was $18,123.14. What

image text in transcribed Taylor invested an amount of $16,000 in a mutual fund. After 3 years and 3 months the accumulated value of her investment was $18,123.14. What is the monthly compounded nominal interest rate of the investment? % Round to two decimal places

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