<PRE><B>Question 1142788</B>
.
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?
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Your input data in the post is HEAVILY WRONG.


Indeed, $1000 annual payments during 55 years result to $55000, even without any compounding.



Revise your data (!)



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