To save for retirement, Karla Harby put $675 each month into an ordinary annuity for 19 years. Interest was compounded monthly.

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

What annual interest rate did she receive______?

(Round to two decimal places as needed.)

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp