Find the effective annual yield to the nearest hundredth of a percent for an account paying 2% compounded monthly.

It's true — sand dunes in Colorado rival sand dunes of the Great Sahara Desert! The highest dunes at Great Sand Dunes National Monument can exceed the highest dunes in the Great Sahara, extending over 700 feet in height. However, like all sand dunes, they tend to move around in the wind. This can cause a bit of trouble for temporary structures located near the "escaping" dunes. Roads, parking lots, campgrounds, small buildings, trees, and other vegetation are destroyed when a sand dune moves in and takes over. Such dunes are called "escape dunes" in the sense that they move out of the main body of sand dunes and, by the force of nature (prevailing winds), take over whatever space they choose to occupy. In most cases, dune movement does not occur quickly. An escape dune can take years to relocate itself. Just how fast does an escape dune move? Let x be a random variable representing movement (in feet per year) of such sand dunes (measured from the crest of the dune). Let us assume that…

It's true — sand dunes in Colorado rival sand dunes of the Great Sahara Desert! The highest dunes at Great Sand Dunes National Monument can exceed the highest dunes in the Great Sahara, extending over 700 feet in height. However, like all sand dunes, they tend to move around in the wind. This can cause a bit of trouble for temporary structures located near the "escaping" dunes. Roads, parking lots, campgrounds, small buildings, trees, and other vegetation are destroyed when a sand dune moves in and takes over. Such dunes are called "escape dunes" in the sense that they move out of the main body of sand dunes and, by the force of nature (prevailing winds), take over whatever space they choose to occupy. In most cases, dune movement does not occur quickly. An escape dune can take years to relocate itself. Just how fast does an escape dune move? Let x be a random variable representing movement (in feet per year) of such sand dunes (measured from the crest of the dune). Let us assume that…

Find a rectangular piece of paper, cardboard, poster-board, etc. to create a box. Measure the sides of your paper and record them below (if you are using a normal size piece of paper its dimensions are 8.5 inches by 11 inches). You will now have to determine the length, width, and height to make an open-top box with the maximum volume possible. To do this you will have to cut the corners of the paper to fold up (but don't do this yet). Assume the height of the box will be x, which means you will need to subtract x from both sides of the width and length. Use these three dimensions to create a volume equation which you can derive like we did yesterday to find the optimal value for x leading to the maximum dimensions for your box. All of your work and the box you create should be submitted below.