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To save for retirement, Karla Harby put $625 each month into an ordinary annuity for 13 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 13 years. Interest was compounded monthly. At the end of the 13 years, the annuity was worth $159,979. 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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