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3. The Real Seafood Company borrowed $10,000 to expand their business. The entire principal of $10,000 will be repaid at the end of two years
3. The Real Seafood Company borrowed $10,000 to expand their business. The entire principal of $10,000 will be repaid at the end of two years but quarterly interest of $335 must be paid every three months. (a) What nominal annual interest rate is the company paying? (5 points)
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