Hank made payments of $105 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $98,310. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return? ◻️% (Round to the nearest hundredth as needed.) ……………… Find the APY corresponding to the following nominal rate 6% compounded quarterly The APY is ◻️%. (Type an integer or a decimal. Round to the nearest hundredth as needed.)

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