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Yin Li deposited $200.00 into a savings account that compounded interest quarterly. What nominal annual rate compounded quarterly was eamed on the investment if the
Yin Li deposited $200.00 into a savings account that compounded interest quarterly. What nominal annual rate compounded quarterly was eamed on the investment if the balance was $455.30 in seven years? The nominal annual rate of interest is % per annum compounded quarterly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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