One bank advertises a nominal rate of 5.92% compounded semiannually. A second bank advertises a nominal rate of 5.87% compounded weekly. What are the effective yields? (Round your answers to two decimal places.) first bank second bank In which bank would you deposit your money? O first bank O second bank

Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for this account? Round to the nearest 0.00%   **pls help me on the clear worksheet with accurate solution

You have the choice of receiving $80,000 now or $40,000 now and another $56,000 six years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 6.3% compounded annually. K Which choice is better? A. The choice of $80,000 now is better. OB. The choice of $40,000 now and $56,000 in six years is better. OC. They are equal in value. The better choice is greater than the alternative choice by $ in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ew an example Get more help. 80 F3 DOD 000 F4 F5 1 ➡ MacBook Air F6 C F7 √i Vi DII F8 1, (1,0) More F9 F10 Clear all F11 Check answer F12 X

You deposited $5,000 in a bank t years ago. Your current account balance is $8,200, and the bank compounded interest monthly at an interest rate of 3.5%. How long ago did you deposit the money? That is, find t. Round your answer to the nearest tenth of a year.