Yvonne invested $4000 into an account earning 2.75% interest compounded daily for three years. Assume 365 days per year.

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Yvonne invested $4000 into an account earning 2.75% interest compounded daily for three years. Assume 365 days per year.

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Yvonne Invested 4000 Into An Account Earning 2 75 Interest Compounded Daily For Three Years Assume 365 Days Per Year 1
Yvonne Invested 4000 Into An Account Earning 2 75 Interest Compounded Daily For Three Years Assume 365 Days Per Year 1 (34.17 KiB) Viewed 95 times
Yvonne invested $4000 into an account earning 2.75% interest compounded daily for three years. Assume 365 days per year. (a) Find the balance of the account at the end of the period. (b) How much interest is eamed? (c) What is the effective rate of interest? WETTB (a) The balance of the account at the end of the period is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The amount of interest earned is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The effective rate of interest is%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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