Question: Term Future Value Present Value $28,000 Periodic Rent $740.56 Payment Period 3 months Conversion Period quarterly 14 years The nominal annual rate of interest is

Term Future Value Present Value $28,000 Periodic Rent $740.56 Payment Period

Term Future Value Present Value $28,000 Periodic Rent $740.56 Payment Period 3 months Conversion Period quarterly 14 years The nominal annual rate of interest is % (Round to two decimal places as needed.)

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