Find the nominal rate converted quarterly that is earned

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Reference no: EM133341004

Question: Deposits of $900 are made quarterly in an investment. The first deposit is made on February 15, 2015 and the last deposit is made on August 15, 2025. Find the nominal rate converted quarterly that is earned if the account balance just after the last deposit on August 15, 2025 is $61340.90.

Reference no: EM133341004

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