Question: PLEASE ANSWER WITH STEP BY STEP SOLUTION What is the nominal annual rate of interest compounded quarterly at which $991.00 will accumulate to $2772.48 in

PLEASE ANSWER WITH STEP BY STEP SOLUTION

What is the nominal annual rate of interest compounded quarterly at which $991.00 will accumulate to $2772.48 in four years and nine months? The nominal annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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