Question To save for retirement, Karla Harby put $650 each month into an ordinary annuity for 15years. Interest was compounded monthly. At the end of the 15years, the annuity was worth $221,450. What annual interest rate did she receive?
Question
To save for retirement, Karla Harby put $650 each month into an ordinary annuity for 15years. Interest was
compounded monthly. At the end of the 15years, the annuity was worth $221,450. What annual interest rate did she receive?
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