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You agree to make 2 4 deposits of $ 5 0 0 at the beginning of each month into a bank account. At the end

You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24 th month, you will have $13,050 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?
7.58%
9.25%
9.17%
7.98%
6.06%
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