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You deposit $10,000 in an account that pays 4.5% interest compounded quarterly. Find the future value after one year. Using the calculated future value from

You deposit $10,000 in an account that pays 4.5% interest compounded quarterly. Find the future value after one year.

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.

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