9. A passbook savings account has a rate of 6%. Find the effective annual yieif the interest is compounded daily. Assume 360 days in a year. (Round tothe nearest tenth of a percent, if necessary. For example, 20.5%)C1+0.0636036 0-( 0.0aul 666) 360-.0001 6666) 360-:0.6183 x 100oy6.18 39 or1.06183-O. 06183onddedmspercentSuppose that you earned a bachelor's degree and now you're teachingmiddle school. The school district offers teachers the opportunity to take ayear off to earn a master's degree. To achieve this goal, you depos it $1500at the end of every 3 months in an annuity that pays 5.5% compoundedquarterly. (a) How much will you have saved at the end of 11 years? (b)Find the interest. (Round to the nearest dollar. For example, $247)V= Px LC)-1R tnre st e-Tetar dnsis893 603621 6Ciseoyi360,36aie$3, 860, 36cob1soox375)e s01373केम1s a 3,26 Orewdea15000,3757O1375- 1300 5.9069898601 36216randed&9,660Yea sat treCnd

Question
Asked Oct 28, 2019
9. A passbook savings account has a rate of 6%. Find the effective annual yie
if the interest is compounded daily. Assume 360 days in a year. (Round to
the nearest tenth of a percent, if necessary. For example, 20.5%)
C1+0.06
360
36 0
-( 0.0aul 666) 360-
.0001 6666) 360-
:0.6183 x 100o
y6.18 39 or
1.06183-
O. 06183
ond
dedms
percent
Suppose that you earned a bachelor's degree and now you're teaching
middle school. The school district offers teachers the opportunity to take a
year off to earn a master's degree. To achieve this goal, you depos it $1500
at the end of every 3 months in an annuity that pays 5.5% compounded
quarterly. (a) How much will you have saved at the end of 11 years? (b)
Find the interest. (Round to the nearest dollar. For example, $247)
V= Px LC)-1
R tnre st e-
Tetar dnsis
893 603621 6
Ciseoyi
360,36aie
$3, 860, 36
cob
1soox
375)
e s01373
केम
1s a 3,26 O
rewdea
15000,3757
O1375
- 1300 5.9069
898601 36216
randed
&9,660
Yea s
at tre
Cnd
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9. A passbook savings account has a rate of 6%. Find the effective annual yie if the interest is compounded daily. Assume 360 days in a year. (Round to the nearest tenth of a percent, if necessary. For example, 20.5%) C1+0.06 360 36 0 -( 0.0aul 666) 360- .0001 6666) 360- :0.6183 x 100o y6.18 39 or 1.06183- O. 06183 ond dedms percent Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you depos it $1500 at the end of every 3 months in an annuity that pays 5.5% compounded quarterly. (a) How much will you have saved at the end of 11 years? (b) Find the interest. (Round to the nearest dollar. For example, $247) V= Px LC)-1 R tnre st e- Tetar dnsis 893 603621 6 Ciseoyi 360,36aie $3, 860, 36 cob 1soox 375) e s01373 केम 1s a 3,26 O rewdea 15000,3757 O1375 - 1300 5.9069 898601 36216 randed &9,660 Yea s at tre Cnd

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