Question: show work please 2. For the following annuity due, determine the nominal annual rate of interest. Future Value Present Periodic Value Rent $2,581 $540 Payment

show work please 2. For the following annuity due, determine the

show work please

2. For the following annuity due, determine the nominal annual rate of interest. Future Value Present Periodic Value Rent $2,581 $540 Payment Period Term Conversion Period monthly 1 year 4 years %. The nominal annual rate of interest is (Round to two decimal places as needed.)

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