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At the end of each month, an employee deposits $80 into a credit union account. At the end of 2 years, the account contains $2,100. What annual nominal rate compounded monthly has this account earned?

In Problem, use graphical approximation techniques or an equation solver to approximate the desired interest rate. Express each answer as a percentage, correct to two decimal places.

In Problem, use graphical approximation techniques or an equation solver to approximate the desired interest rate. Express each answer as a percentage, correct to two decimal places.

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