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To save for retirement Karla Harby put 375 each month into an ordinary annuity for...

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Basic Math

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To save for retirement Karla Harby put 375 each month into an ordinary annuity for 10 years Interest was compounded monthly At the end of the 10 years the annuity was worth 55 382 What annual interest rate did she receive The interest rate she received was approximately Round to two decimal places as needed

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