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Yin Li deposited $200.00 into a savings account that compounded interest semi-annually. What nominal annual rate compounded semi-annually was earned on the investment if the
Yin Li deposited $200.00 into a savings account that compounded interest semi-annually. What nominal annual rate compounded semi-annually was earned on the investment if the balance was $428.20 in four years?
The nominal annual rate of interest is---------- % per annum compounded semi-annually. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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