Question: 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.

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 years, the amount in the annuity is 5,797.97 . What annual nominal compounding rate has this annuity earned

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