We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:

The effective annual yield (EAY) will be:

The EAY is 101.22%
To Visualize data changes/trends over time.
Answer:
408.3%
Step-by-step explanation:
X = D/(1 - h)
1 - h = D/x
h = 1 - D/x
D = 400, X = 4000
h = 1 - 400/4000
h = 1 - 0.1 = 0.9