question archive 11) Suppose that you invest $6000 in an account that earns interest at an APR of 2
11) Suppose that you invest $6000 in an account that earns interest at an APR of 2
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11) Suppose that you invest $6000 in an account that earns interest at an APR of 2.5%, compounded quarterly. Determine the future value after 20 years.
12. Jodi's mutual fund usually earns interest at an APR of 615%, compounded monthly. Determine the annual percentage yield (APY) of this account. State your answer to the nearest thousandth of a percent.
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