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%
Answer:
Step-by-step explanation:
P-6 is an expression, your question is incomplete.
Answer:
Michael = x÷7
lee = 2(x÷7)
(x÷7)+2(x÷7)
Step-by-step explanation:
since he earns x dollars every seven days, to get the amount he earns, you divide that amount by 7 and for Lee, she gets twice as much so you multiply Michael's amount by 2
15$ I believe, as we can disregard the two original books (they have been payed for) leaving her to buy 1 book and having seven dollars, however if she needs $8 more you simply need to add 8+7.