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Question Retirement. Put $300 each month in an ordinary annuity for 19 years. Interest compounded monthly. At the end of 19 years, annuity was worth $115,657. What is the annual interest?

Question

Retirement. Put $300 each month in an ordinary annuity for 19 years. Interest compounded monthly. At the end of 19

years, annuity was worth $115,657. What is the annual interest?

 
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