Question
1- The effective yield of an investment plan is the percent increase in the balance after 1 year. Find the effective yield for each investment
1- The effective yield of an investment plan is the percent increase in the balance after 1 year. Find the effective yield for each investment plan. (Round your answers to two decimal places.)
a. 6% annual interest rate, compounded annually =
b. 6% annual interest rate, compounded continuously =
c. 6% annual interest rate, compounded quarterly =
d. 6.25% annual interest rate, compounded quarterly=
e. From a-d Which investment plan has the greatest effective yield?
f. From a-d Which investment plan will have the highest balance after 5 years?
2. Find the exponential growth model that fits the points shown in the graph. (Round the exponent to four decimal places.) y=
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