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What is the nominal annual rate of interest compounded semi-annually on a lease valued at $36,664.00, if payments of $700.00 are made at the beginning

What is the nominal annual rate of interest compounded semi-annually on a lease valued at $36,664.00, if payments of $700.00 are made at the beginning of every month for 5 years?

The nominal annual rate of interest is ____%. (Round to two decimal places as needed.)

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