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To save forretirement, Karla Harby put $675 each month into an ordinary annuity for 19 years. Interest was compounded monthly. At the end of the

To save forretirement, Karla Harby put $675each month into an ordinary annuity for 19years. Interest was compounded monthly. At the end of the 19years, the annuity was worth $271,800.

What annual interest rate did shereceive______?

(Round to two decimal places asneeded.)

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