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Ostrovityanka [42]
3 years ago
11

Please help ASAP! 20 Points!

Mathematics
1 answer:
AveGali [126]3 years ago
3 0
The answer is B. That is not a valid way to sample as it is not randomly selected.
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You deposit $2000 into an account that pays 6% compounded monthly. a. How much money will you have in the account after 1 year?
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We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:

\begin{gathered} \text{account}_{\text{year}}=2000\cdot(1+\frac{6}{100})^{12} \\ \text{account}_{\text{year}}=4024.4 \end{gathered}

The effective annual yield (EAY) will be:

\text{EAY}=\frac{account_{year}}{2000}-1=\frac{4024.14}{2000}-1=1.0122

The EAY is 101.22%

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1 year ago
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4 years ago
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Answer:

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Step-by-step explanation:

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3 0
4 years ago
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Answer:

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3 years ago
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