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To save for retirement, Karla Harby put $675 each month into an ordinary annuity for 16 years Interest was compounded monthly At the end of

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To save for retirement, Karla Harby put $675 each month into an ordinary annuity for 16 years Interest was compounded monthly At the end of the 16 years, the annuity was worth $224 288 What annual interest rate did she receive? The interest rate she received was approximately 1% (Round to two decimal places as needed.) h N

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