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 5 years the amount in the annuity is $5749.59. What annual nominal compounding rate has this annuity,eached? Type the interest rate: (Round to 2 decimal,_laces.) Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $503.42 at 5% compounded quarterly be worth more than a principal of $5600 invested at 4% simple juterest? The annuity would be worth more than the principal in approximately enter your response here years. (Round to one decimal place as peeded.)