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 $5$ years, the amount in the annuity is $$5815\mathrm{.}35.$ What annual nominal compounding

rate has this annuity earned?

Type the interest rate: $\%$

$($Round to $2$ decimal places.$)$