document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1137759>Question 1137759</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A person makes annual payments of ​$5144 into an ordinary annuity.  At the end of 9 years the amount in the annuity is ​$60,<BR>\n" );
document.write( "000.  What annual nominal compounding rate has this annuity​ earned?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #755628 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=755628\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> i used the following online calculator to solve this.\r<BR>\n" );
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document.write( "<a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "you get a different answer depending on whether the payments are made at the end of the year or at the beginning of the year.\r<BR>\n" );
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document.write( "here's the results.\r<BR>\n" );
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document.write( "if the payments are made at the end of each year, the interest rate is 6.360273%.\r<BR>\n" );
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document.write( "if the payments are made at the beginning of the year, the interest rate is 5.146230%.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2019/033031.jpg\" alt=\"$$$\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2019/033032.jpg\" alt=\"$$$\" >\r<BR>\n" );
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