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An engineer deposits $740 each month into a retirement account. After 30 years, the balance in the account is $1.9 million. Determine the effective annual

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An engineer deposits $740 each month into a retirement account. After 30 years, the balance in the account is $1.9 million. Determine the effective annual rate of return for this account. Express your answer in % (not decimal) to the nearest 0.1%

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