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Surinder borrowed $1200.00 and agreed to pay $2921.49 in settlement.pdf

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Surinder borrowed $1200.00 and agreed to pay $2921.49 in settlement of the debt in three 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.).

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Surinder borrowed $1200.00 and agreed to pay $2921.49 in settlement of the debt in three 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.)

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