Question: Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $407.59 at 7% compounded quarterly be worth

Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $407.59 at 7% compounded quarterly be worth more than a principal of $4500 invested at 4% simple interest? The annuity would be worth more than the principal in approximately __ years.

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