To save for retirement, Karla Harby put
Question
To save for retirement, Karla Harby put
$675 each month into an ordinary annuity for 15 years. Interest was compounded monthly. At the end of the 15 years, the annuity was worth $183,403. What annual interest rate did she receive?
The interest rate she received was approximately _____% (round to two decimal places as needed)