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This Question: 25 pts 4 of 10 (3 complete) What is the nominal annual rate of interest compounded monthly if an 11-year loan of 594,100

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This Question: 25 pts 4 of 10 (3 complete) What is the nominal annual rate of interest compounded monthly if an 11-year loan of 594,100 is repaid by monthly payments of 51166.91 made at the end of each mont? The nominat annual tate of interest is compounded monthly (Round to two decimal places as needed!)

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