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Yin Li deposited $200.00 into a savings account that compounded interest monhily. What nominal annual rate compounded monthly was earned on the investment if the

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Yin Li deposited $200.00 into a savings account that compounded interest monhily. What nominal annual rate compounded monthly was earned on the investment if the balance was $416.50 in three yeses? The nominal annuas rate of nierest is x per anum compounded monthey. (Hound the tral answet to four decimal places as needed. Round all intermediate velues to six decimal places as needed.)

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