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What is the nominal annual rate of interest compounded quarterly at which $ 1 4 2 2 . 0 0 will accumulate to $ 1

What is the nominal annual rate of interest compounded quarterly at which $1422.00will accumulate to $1462.39 in eight years and nine months ? What is the nominal annual rate of interest compounded quarterly at which \(\$ 1422.00\) will accumulate to \(\1462.39\) in eight years and nine months? 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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