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Hank made payments of $239 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $203,760. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return? __% (Round to the nearest hundredth as needed.)

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Hank made payments of $239 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $203,760. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?

__% (Round to the nearest hundredth as needed.)

 
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