Math 101 ........

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Math 101 Take home Quiz 48

C-onslder ev€ry question carefully and be sure to show all pertinent work.

1){ou deposit SlmO into an account with APR=8%.

' A) fina the APYwtth monthlycompounding.

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ls:ffi[, B) What is the balance after 10 Years?

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2) you deposit S2@!n an account th.t plytjl t,lglg-UleEstr How much money will be in your account after 10 years.

A =P(l+ AI'R)'Y.). rr + .fr \\o \Looa\ __F_, 3) Consider an account with an APR ol6.70/o.

A) Find the APY with quarterly compounding.,*

A: B) Find the APY with monthly compounding.

C) Find the APY with daily compqundjle

D) Find the APY with continuous compounding.

E) Make an intelligent comment about how changing the compounding period effects the APY