Question: Use graphical approximation techniques to answer the question When would an ordinary annuity consisting of quarterly payments of $570.40 at 8% compounded quarterly be worth

Use graphical approximation techniques to answer the question When would an ordinary annuity consisting of quarterly payments of $570.40 at 8% compounded quarterly be worth more than a principal of $7700 invested at 5%. simple interest? The annuity would be worth more than the principal in approximately year. (Round to one decimal place as needed)

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