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To save for retirement, Karla Harby put $525 each month into an ordinary annuity for 10 years. Interest was compounded monthly. At the end of

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To save for retirement, Karla Harby put $525 each month into an ordinary annuity for 10 years. Interest was compounded monthly. At the end of the 10 years, the annuity was worth $89,778. What annual interest rate did she receive? The interest rate she received was approximately % (Round to two decimal places as needed.)

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