Question: Surinder borrowed $ 1 2 0 0 . 0 0 and agreed to pay $ 2 6 6 8 . 6 6 in settlement of

Surinder borrowed $1200.00 and agreed to pay $2668.66 in settlement of the debt in six years, three months. What annual nominal rate compounded quarterly was charged on the debt?
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.)
Surinder borrowed $1200.00 and agreed to pay $2668.66 in settlement of

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