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To save for retirement Karla Harby put 625 each month into an ordinary annuity for 11 years Interest was compounded monthly At the end of

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To save for retirement Karla Harby put 625 each month into an ordinary annuity for 11 years Interest was compounded monthly At the end of the 11 years the annuity was worth 110 344 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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