Question: need answer with explanation as soon as possible. What nominal rate of interest compounded quarterly is needed for $48,000 to accumulate to $61,461 in six

need answer with explanation as soon as possible. What nominal rate

need answer with explanation as soon as possible.

What nominal rate of interest compounded quarterly is needed for $48,000 to accumulate to $61,461 in six and a half years? (round to three decimal places of a percent)

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