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Question Locating the interest rate for this problem has me confused. I calculated it several times and still didnot come out with the correct answer. Can you assist me? To save for​ retirement, Karla Harby put ​$675 each month into an ordinary annuity for 10 years. Interest was compounded monthly. At the end of the 10 ​years, the annuity was worth ​$103, 834. What annual interest rate did she​ receive?

Question

Locating the interest rate for this problem has me confused. I calculated it several times and still didnot come

out with the correct answer. Can you assist me?

To save for​ retirement, Karla Harby put ​$675 each month into an ordinary annuity for 10 years. Interest was compounded monthly. At the end of the 10 ​years, the annuity was worth ​$103, 834. What annual interest rate did she​ receive?

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