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02. a) Find the annual percentage yield (the effective annual rate) for an investment that earns 8.4%, compounded monthly. b) What amount must you invest

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02. a) Find the annual percentage yield (the effective annual rate) for an investment that earns 8.4%, compounded monthly. b) What amount must you invest in an account that earns 6.8%, compounded quarterly, if you want to have $9500 after 5 years? c) If an initial investment of $ 35,000 grows to $257,000 in 15 years, what annual interest rate, continuously compounded, was earned? S=257. d) Gary deposited $400 at the beginning of each month for 15 years in an account that earned 6%, compounded monthly. Find the value of the account after 15 years

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