Math

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

1. 👍 0
2. 👎 0
3. 👁 93
1. APY = The interest for 1 year divided by the initial investment:

APY = (I/Po)*100%.

1. 👍 0
2. 👎 0

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