Business, 19.02.2021 04:50 oof4457

After graduating college, you receive $10,000 and decide to put it in a high yield saving account. The account earns 0.50% compounded quarterly. a) (8 points) What is the effective annual interest rate? b) (7 points) If you leave your initial investment of $10,000 in the account without any withdrawals what would you expect the value of the account to be after 4 years?

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After graduating college, you receive $10,000 and decide to put it in a high yield saving account. T...

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