smariedegray
smariedegray
05.02.2021 • 
Business

Kim Tayes invests $8,000 in a certificate of deposit for 1 year. The certificate earns interest at an annual rate of 4.25%
compounded quarterly.
a. What is the amount?
b. What is the interest earned
c. What is the annual percentage yield to the nearer
thousandth of a percent?

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