melissatucker58 melissatucker58

17-06-2021
Mathematics

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Candace invests $636 in an investment that pays 7% interest compounded quarterly. What is her annual effective yield? Input answer as a percentage to two decimal places.

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madethisfortwitch1 madethisfortwitch1

17-06-2021

Answer:

7.19%

Step-by-step explanation:

let i be the effective rate

[tex](1+\frac{.07}{4})^4=(1+i)\\.071859031[/tex]

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crystalrodrigg121868 crystalrodrigg121868

17-06-2021

ANSWER : $680.52

Explanation:636 x 107%

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