Mathematics, 10.04.2021 01:00 klysse123
You deposit $11,000 in an account that pays 5.5% interest compounded quarterly.
A. Find the future value after one year.
B. Use the future value formula for simple interest to determine the effective annual yield.
A. The future value is $
(Round to the nearest cent as needed.)
B. The effective annual yield is %.
(Round to the nearest tenth as needed.)
Answers: 3
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You deposit $11,000 in an account that pays 5.5% interest compounded quarterly.
A. Find the future...
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