You expect to have $$342,154$ in $31$ months. You plan to make regular savings contributions of $$7,260$ per month for $31$ months and you currently have $$22,000.$ The first regular savings contribution will be made in $1$ month. 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, enter $9\mathrm{.}86$ for $9\mathrm{.}86\%($do not enter $.0986$ or $9\mathrm{.}86\%).$ Round your answer to at least $2$ decimal places.

percent