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A passbook savings account has a rate of 12%. Find the effective annual yield if the interest is compounded quarterly. Click the icon to view
A passbook savings account has a rate of 12%. Find the effective annual yield if the interest is compounded quarterly. Click the icon to view some finance formulas. The effective annual yield is (Round to the nearest tenth as needed.) How much money should be deposited today in an account that earns 4% compounded semiannualy so that it will accumulate to $10,000 in throe years? Click the icon to view some finance formulas. The amount of money that should be deposised is $ (Round up to the nearest cent)
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