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The effective interest is 2 . 5 1 per month. What is the nominal interest rate per year? Express your answer as a percentage rounded

The effective interest is 2.51 per month. What is the nominal interest rate per year?
Express your answer as a percentage rounded to the nearest one-hundredth decimal place (for example, enter 15.47 for an answer of 15.4695236%)
4
$400 is deposited monthly into an account that pays nominal annual interest of 20% compounded monthly. What is the balance of the account after 12 deposits?
Note: You will likely need to use the interest formula to find the answer as you won't have an interest table corresponding to the interest rate per compounding period.
7,590.272
$13,000 is being deposited at the end of each year into an account that pays nominal annual interest of 12% compounded monthly. How much is in the account immediately
after 6 deposits?
Note: You will need to use the interest formula to find the answer as there won't be an interest table corresponding to the interest rate per compounding period.
13,799.76
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