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:
(4-1)^5-2
Step-by-step explanation:
The quantity means parenthesis, around four minus one, (closed quantity), all raised to the power (exponent) five minus 2
Answer:
cos(∅) = 3/5
Step-by-step explanation:
cos(∅) = adjacent/hypotenuse
We don't know what the hypotenuse is so we gotta use Pythagorean theorem to find it.
a² + b² = c²
4² + 3² = c²
√(4² + 3²) = c
c = 5 , this is our hypotenus
cos(∅) = adjacent/hypotenuse
cos(∅) = 3/5