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An insurance company advertises that $6,024.81 will purchase a 1 year, 9 month annuity that pays $900 quarterly at the end of the period. What

An insurance company advertises that $6,024.81 will purchase a 1 year, 9 month annuity that pays $900 quarterly at the end of the period. What monthly compounded rate of return does the investment earn? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%

Rate of return = _____%

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