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To save for retirement, Karla Harby put $800 each month into an ordinary annuity for 15 years. Interest was compounded monthly. At the end of
To save for retirement, Karla Harby put $800 each month into an ordinary annuity for 15 years. Interest was compounded monthly. At the end of the 15 years, the annuity was worth $235,291. What annual interest rate did she receive? The interest rate she received was approximately (Round to two decimal places as needed.) %. ... 1 of .. complete 0 of .. 1 of 1
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Production And Operations Analytics
Authors: Steven Nahmias, Tava Lennon Olsen
8th Edition
1478639261, 9781478639268
