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3. How much money must be put into a bank account yielding 5.25% (compounded monthly) in order to have $6,800 at the end of 11
3. How much money must be put into a bank account yielding 5.25% (compounded monthly) in order to have $6,800 at the end of 11 years? Round to two decimal places. 4. Yolanda deposited $8,000 in a bank account, and 9 years later she closes out the account, which is worth $16,000. What annual rate of interest has she earned over the time period? Submit your answer as a percentage and round to two decimal places
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