A passbook savings account has a rate of 8%. Find the effective annual yield if the interest is compounded quarterly.

2 answers

https://www.google.com/search?q=compound+interest+quarterly&oq=compound+interest+quarterly&aqs=chrome..69i57.7486j0j7&sourceid=chrome&ie=UTF-8

Don't you need to know the amount in the account first?
yes i do not