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For 1 0 , 0 0 0 , Kelly purchases an annuity - immediate that pays 4 0 0 quarterly for the next 1 0

For 10,000, Kelly purchases an annuity-immediate that pays 400 quarterly
for the next 10 years. Calculate the annual nominal interest rate convertible
monthly earned by Kellys investment.
Answer is 10.01% but I don't know how to get there...

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