Use graphical approximation techniques or an equation, Financial Management

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Use graphical approximation techniques or an equation

Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $1000 into an ordinary annuity. At the end of 55 years, the amount in the annuity is $5751.89. What annual nominal compounding rate has this annuity earned?

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Financial Management: Use graphical approximation techniques or an equation

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Financial Management: Use graphical approximation techniques or an equation

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