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3 Your company invests $5,800 in a savings account that pays 4.25% annual interest compounded monthly. After one year, how much interest will the account

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3 Your company invests $5,800 in a savings account that pays 4.25% annual interest compounded monthly. After one year, how much interest will the account have earned? 5 What is the Effective Annual Yield for the account after year one? Take your answer to four decimal places

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