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Question 1 (1 point) You invest $15,000 in a high yield account. At the end of 30 years you close the account and receive $539,250.

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Question 1 (1 point) You invest $15,000 in a high yield account. At the end of 30 years you close the account and receive $539,250. Compute the effective interest rate you receive on the account. 11.68% 10.68% 13.68% 12.68% Question 2 (1 point) Calculate the rate of return for a $3100 investment yielding $700 profit for 5 years. 5.2%

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