Explore BrainMass

Explore BrainMass

    Graphical approximation techniques.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:35 am ad1c9bdddf
    https://brainmass.com/business/interest-rates/graphical-approximation-techniques-346920

    Solution Preview

    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

    ADVERTISEMENT