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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