Betty draws cards randomly from a box containing 8 cards of the same shape and size. There is 2 red cards, 3 blue cards, and 3 y
1 answer:
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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:
Check the above photo and do the sum
