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What is the nominal annual rate of interest compounded quarterly if a loan of $23,000 is repaid in eight years by payments of $1000 made

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What is the nominal annual rate of interest compounded quarterly if a loan of $23,000 is repaid in eight years by payments of $1000 made at the end of every three months? The nominal annual rate of interest is % compounded quarterly, (Round to two decimal places as needed.)

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