Question $6(2$ points$)$

You deposit $$10,000$ in an account that pays $4\mathrm{.}5\%$ interest compounded quarterly.

Find the future value after one year.

ROUND TO THE NEAREST DOLLAR. DO NOT INCLUDE A $\text{'}$$$\text{'}$ SYMBOL OR

COMMA IN YOUR ANSWER. YOUR ANSWER SHOULD APPEAR IN THE

FOLLOWING FORMAT $($FOR EXAMPLE$)$: $6728$

A

Using the calculated future value from the first part of the question, use the future

value formula for simple interest to determine the effective annual yield.

RECORD THE EFFECTIVE ANNUAL YIELD AS A PERCENTAGE ROUNDED TO

TWO DECIMAL PLACES. DO NOT INCLUDE A $\text{'}\%\text{'}$ SYMBOL IN YOUR ANSWER.

YOUR ANSWER SHOULD APPEAR IN THE FOLLOWING FORMAT $($FOR

EXAMPLE$)$: $8\mathrm{.}26$