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.

To compute the Annual Percentage Yield (APY) for an investment, you need the following information:

1. The interest rate: This is the annual interest rate that is applied to the investment.
2. The compounding frequency: This refers to how often the interest is calculated and added back to the investment. It could be annually, semi-annually, quarterly, monthly, or daily.

Once you have these details, you can use the following formula to calculate the APY:

APY = (1 + Annual Interest Rate / Compounding Frequency) ^ Compounding Frequency - 1

In this case, you need to use the interest rate of the investment from the previous question. Let's say the interest rate is 5% and the compounding frequency is annually, which means the interest is compounded once a year.

APY = (1 + 0.05 / 1) ^ 1 - 1
= (1 + 0.05) ^ 1 - 1
= (1.05) ^ 1 - 1
= 1.05 - 1
= 0.05

So the APY for this investment would be 5%.

Remember to adjust the formula based on the specific interest rate and compounding frequency involved in your investment.