A passbook savings account has a rate of 5%. Find the effective annual yield if the interest is compounded quarterly.

Effective annual yield = 0.05094534 or 5.094%

Step-by-step explanation:

Given:

Rate of interest (r) = 5% = 0.05

Interest = compounded quarterly

Find:

Effective annual yield = Y

Computation:

Effective annual yield = 0.05094534 or 5.094%

2

step-by-2step explanation:

explanation:

infrared radiation has wavelength in the range between 700 nm and 1 mm. lets' convert these values into scientific notation, keeping in mind that:

let's start from the lower value, we have:

(we moved the dot two places to the left, so we increased the exponent by 2 units, from -9 to -7)

the higher value is:

so, the range of wavelength of infrared radiation is: