Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $683.25 at 8% compounded quarterly be worth more than a principal of...


Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $683.25 at 8% compounded<br>quarterly be worth more than a principal of $5200 invested at 6% simple interest?<br>The annuity would be worth more than the principal in approximately years.<br>(Round to one decimal place as needed )<br>

Extracted text: Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $683.25 at 8% compounded quarterly be worth more than a principal of $5200 invested at 6% simple interest? The annuity would be worth more than the principal in approximately years. (Round to one decimal place as needed )

Jun 05, 2022
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