The accumulated value of a savings account based on regular periodic payments can be determined from the annuity due equation, . [(1 + i)" - 1) In this equation, A is the amount in the account, P is the amount regularly deposited, and i is the rate of interest per period for the n deposit periods. An engineer would like to have a savings account valued at $750,000 upon retirement in 20 years and can afford to put $1500 per month toward this goal. What is the minimal interest rate at which this amount can be invested, assuming that the interest is compounded monthly? Use Newton Raphson method and 3 iterations. The accumulated value of a savings account based on regular periodic payments can be determined from the annuity due equation, . [(1 + i)" - 1) In this equation, A is the amount in the account, P is the amount regularly deposited, and i is the rate of interest per period for the n deposit periods. An engineer would like to have a savings account valued at $750,000 upon retirement in 20 years and can afford to put $1500 per month toward this goal. What is the minimal interest rate at which this amount can be invested, assuming that the interest is compounded monthly? Use Newton Raphson method and 3 iterations