Question: K Use graphical approximation techniques or an equation solver to approximate the desired interest rate. An employee opens a credit union account and deposits

K Use graphical approximation techniques or an equation solver to approximate the

K Use graphical approximation techniques or an equation solver to approximate the desired interest rate. An employee opens a credit union account and deposits $130 at the end of each month. After one year, the account contains $1565.30. What annual nominal rate compounded monthly has the account earned? The annual nominal rate is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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