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You agree to make 24 deposits of $1,000 at the beginning of each month into a bank account. At the end of the 24th month,

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You agree to make 24 deposits of $1,000 at the beginning of each month into a bank account. At the end of the 24th month, you will have $26.000 in your account if the bank compounds intecost monthly, what nominal annual interest rate will you be caming? (hint Get monthly rate first Nominal interest rate = monthly rate "12) 7.91% O 800% 8.26% 8 51%

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