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You invest $ 2 , 0 0 0 at the end of every year for 7 years. After 7 years your total investment is worth

You invest $2,000 at the end of every year for 7 years. After 7 years your total investment is worth $16,000. If your interest rate is compounded monthly, what is your nominal annual interest rate? Round to 2 decimal points.Select one: a.1.14% b.2.06%0.4.33% d.3.12%

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