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This Question: 1 pt 5 of 8 (0 complete) A property worth $35,000 can be purchased for 5% down and semi-annual mortgage payments of $1800

This Question: 1 pt 5 of 8 (0 complete) A property worth $35,000 can be purchased for 5% down and semi-annual mortgage payments of $1800 for 12 years. What nominal rate of interest compounded quarterly is charged? The nominal annual rate is % p.a. compounded quarterly. (Round to two decimal places as needed.)

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