Question: You expect to have $ 1 , 5 0 0 , 8 6 1 in 5 1 quarters. You plan to make regular savings contributions

You expect to have $1,500,861in 51 quarters. You plan to make regular savings contributions of $9,220per quarterfor 51 quartersand you currently have $12,000. The first regular savings contribution will be made later today. What is the effective annual rate you expect to earn? Input instructions: Input your answer as the number that appears before the percentage sign. For example, enter9.86 for 9.86%(do not enter .0986 or 9.86%). Round your answer to at least 2 decimal places. percent

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