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Question 6 ( 2 points ) You deposit $ 1 0 , 0 0 0 in an account that pays 4 . 5 % interest
Question points
You deposit $ in an account that pays interest compounded quarterly.
Find the future value after one year.
ROUND TO THE NEAREST DOLLAR. DO NOT INCLUDE A $ SYMBOL OR
COMMA IN YOUR ANSWER. YOUR ANSWER SHOULD APPEAR IN THE
FOLLOWING FORMAT FOR EXAMPLE:
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 SYMBOL IN YOUR ANSWER.
YOUR ANSWER SHOULD APPEAR IN THE FOLLOWING FORMAT FOR
EXAMPLE:
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