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2. You do an internet search and find that Connect One Bank offers a savings account that has an APR of 2.15% compounded monthly. You
2. You do an internet search and find that Connect One Bank offers a savings account that has an APR of 2.15% compounded monthly. You can withdraw your money at any time from this type of account. (a) If you deposit the $6,000 in this account, how much money will you have in the account after 5 years? Round your final answer to 2 decimals. (b) What is the annual percentage yield on this account? Round your final answer to 2 decimals
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