posted by .

Compute the Annual Percentage Yield (APY) for the investment in the previous question. (Round APY to the nearest hundredths of a percent.)

APY = The interest for 1 year divided by the initial investment:

APY = (I/Po)*100%.

How to determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the compound interest table Calculate the new table factor for this investment.

## Similar Questions

1. ### math

If you deposit money in a savings account with an interest rate (APR) of 5% and the account compounds quarterly, which is your annual percentage yield (APY)?

What is the annual percentage yield of a \$10,000 investment for 1 year at 12% interest compounded monthly?
3. ### contemporary math

Compute the amount of compound interest earned in 1 year for an investment of \$1,000,000 with a nominal interest rate of 8% compounded quarterly. Then Compute the Annual Percentage Yield (APY) for the investment in the previous question. …

. Compute the amount of compound interest earned in 1 year for an investment of \$1,000,000 with a nominal interest rate of 8% compounded quarterly. Compute the Annual Percentage Yield (APY) for the investment in the previous question. …
5. ### Math

Compute the Annual Percentage Yield (APY) for the investment in the previous question. (Round APY to the nearest hundredths of a percent.)
6. ### math

Assume an 18-month CD purchased for \$7000 pays an APR of 7% compounded monthly. What is the APY?
7. ### math

Sorry... Assume an 18 month CD purchased for \$7000 pays an APR of 7% compounded monthly. What is the APY?
8. ### math

Assume an 18 month CD purchased for \$7000 pays an APR of 7% compounded monthly. What is the APY?
9. ### math

Assume an 18 month CD purchased for \$7000 pays an APR of 7% compounded monthly. What is the APY?
10. ### Personal Finance

Suppose you buy a two-year CD for \$10,000 from First Command Bank. The interest earned at maturity is \$______. Use the APY (Annual Percentage Yield) from Table 4.1. The Table says APY for this is 3.9%

More Similar Questions