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Graphical approximation techniques.

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Using graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $646.72 at 8% compounded quarterly be worth more than a principal of $8,900 invested at 4% simple interest?

The annuity would be worth more than the principal in approximately ____ years.

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Using graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $646.72 at 8% compounded ...

Solution Summary

Graphical approximation techniques are examined. A Complete, Neat and Step-by-step Solution is provided in the attached file.

$2.19