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Knowledge Check Question 10 Linda invested $4900 in an account that pays an annual interest rate of 2.8%, compounded monthly. Answer each part. If
Knowledge Check Question 10 Linda invested $4900 in an account that pays an annual interest rate of 2.8%, compounded monthly. Answer each part. If necessary, refer to the list of financial formulas (a) Find the amount in the account after one year, assuming no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest cent. (b) Find the effective annual interest rate, expressed as a percentage Do not round any intermediate computations, and round your answer to the nearest hundredth of a percent 0% Austin
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