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
Step-by-step explanation:
?*(3+2)=12+8
?(5)=20
20/5=4
?=4
4*(5)=20
20=20
Answer:
y = -
x + 1
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Here m = -
, then
y = -
x + c ← is the partial equation
To find c substitute (6, - 1 ) into the partial equation
- 1 = - 2 + c ⇒ c = - 1 + 2 = 1
y = -
x + 1 ← equation of line