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Determine the nominal annual rate of interest of the following ordinary general annuity. Present Periodic Payment Term Conversion Value Payment Interval Period $3200 $181 3

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Determine the nominal annual rate of interest of the following ordinary general annuity. Present Periodic Payment Term Conversion Value Payment Interval Period $3200 $181 3 months 5 years annually The nominal annual rate of interest is % compounded annually. (Round to two decimal places as needed.)

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