You are starting a new business and have obtained a loan in the amount of $1,500,000 to build a new warehouse. Calculate the nominal interest rate, compounded quarterly, that was charged on the loan if you paid $65866.83 at the beginning of every 6 months and the loan was paid off in 21 years. Show your calculator entries below and round your final answer to 2 decimal places.

BGN/END =

N =

I/Y =

PV =

PMT =

FV =

P/Y =

C/Y =