Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $ 457.12$457.12 at 4 %4% compounded...
Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of
$ 457.12$457.12
at 4 %4%
compounded quarterly be worth more than a principal of $ 5000$5000
invested at 5 %5%
simple interest?The annuity would be worth more than the principal in approximately
[removed]nothing
years.(Round to one decimal place as needed.)
10 years ago
20
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