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f you pay $7350 in interest on $245 000 principal for 9 months, what is the nominal annual rate? Select one:   Select one: a

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f you pay $7350 in interest on $245 000 principal for 9 months, what is the nominal annual rate?

Select one:

Select one:

a. 4%

b. 3%

c. .03

d. .04