document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1142788>Question 1142788</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $ 1000 into an ordinary annuity. At the end of 55 ​years, the amount in the annuity is $ 5631.47. What annual nominal compounding rate has this annuity​ earned? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #763525 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52778)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=763525\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Use graphical approximation techniques or an equation solver to approximate the desired interest rate. <BR>\n" );
document.write( "A person makes annual payments of $ 1000 into an ordinary annuity. At the end of 55 ​years, <BR>\n" );
document.write( "the amount in the annuity is $ 5631.47. What annual nominal compounding rate has this annuity​ earned?<BR>\n" );
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document.write( "Your input data in the post is HEAVILY WRONG.\r<BR>\n" );
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document.write( "Indeed, $1000 annual payments during 55 years result to $55000, even without any compounding.\r<BR>\n" );
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document.write( "Revise your data (!)\r<BR>\n" );
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document.write( " </SPAN>\n" );
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