Carol Garcia has

$195,000

to invest. She wants to be able to withdraw

$16,770

every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to do so? (Round answer to 2 decimal places, e.g.

15.25%

.)\ Interest rate

Carol Garcia has $195,000 to invest. She wants to be able to withdraw $16,770 every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to do so? (Round answer to 2 decimal places, e.g. 15.25%.) Interest rate %