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Question 8 1 pt $2000 is deposited into an account for which interest is compounded annually. The value of the account 4 years after the
Question 8 1 pt $2000 is deposited into an account for which interest is compounded annually. The value of the account 4 years after the deposit is $2670.94. Find the value of the account 10 years after the initial deposit. $4,245.73 O $4,122.06 O $4,616.71 O $4,493.05 $4,369.39 O $3.998.40 Question 9 1 pts An account earns interest at an annual rate of 4.65%, compounded monthly. Find the effective annual interest rate (or annual percentage yield) for the account. Give your answer as a percent, rounded to two decimal places. For instance, 4.56% would be an appropriate format for the answer. Question 10 1 pts An account earns interest at an annual rate of 6.51%, compounded quarterly. Find the effective annual interest rate (or annual percentage yield) for the account. Give your answer as a percent, rounded to two decimal places. For instance, 4.56% would be an appropriate format for the
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