A passbook savings account has a rate of 5%. Find the effective annual yield if the interest is compounded quarterly.

Effective annual yield = 0.05094534 or 5.094%

Step-by-step explanation:

Given:

Rate of interest (r) = 5% = 0.05

Interest = compounded quarterly

Find:

Effective annual yield = Y

Computation:

Effective annual yield = 0.05094534 or 5.094%

amount of oatypop that contains the prize = 40%

amount   of oatypop which doesn't contain the prize = (100-40)=60%

probability that hannah will win a prize

    = s +f s +f f s+ff   f s+ff f f s+ infinity.where f= failure,s= success

=   or 60%

probability that hannah only has to buy 3 or less boxes before getting a prize= (s) and ( f s) and (ff s) and (f f f s)

        = = 87.04 %  

step-by-step explanation:

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