求大神帮助一道businessmathematics的数学题!Aninsurancecompanyadvertisesthat$41,535.42willpurchasea19year,3monthannuitythatpays$1,000quarterlyattheendoftheperiod.Whatsemi-annuallycompoundedrateofreturndoesthein

Question

求大神帮助一道business mathematics的数学题!
An insurance company advertises that $41,535.42 will purchase a 19 year,3 month annuity that pays $1,000 quarterly at the end of the period.What semi-annually compounded rate of return does the investment earn?Note:Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places.For example 34.56%

Answer 1

1000*(1+x)^(19*4)=41535.42
x=5.02555414110335118516586844389%