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What is the nominal annual rate of interest compounded monthly at which $889.00 will accumulate to $2929.27 in six years and one month? The nominal

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What is the nominal annual rate of interest compounded monthly at which $889.00 will accumulate to $2929.27 in six years and one month? The nominal annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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