Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal Nominal Rate (%) Interest Compounded Compound Interest Earned in 1 Year Annual Percentage Yield (APY) $35,000 12 monthly $ ? %?
Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal Nominal Rate (%) Interest Compounded Compound Interest Earned in 1 Year Annual Percentage Yield (APY) $35,000 12 monthly $ ? %?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.2: Percents And Proportions
Problem 18E
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Question
100%
Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.)
| Principal | Nominal Rate (%) |
Interest Compounded |
Compound Interest Earned in 1 Year |
Annual Percentage Yield (APY) |
|---|---|---|---|---|
| $35,000 | 12 | monthly | $ ? | %? |
Transcribed Image Text:Periods
1
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3
4
5
6
7
8
9
10
11
12
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18
19
20
21
22
23
24
25
6
7
8
9
10
11
12
13
14
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17
18
19
20
21
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23
Periods 9%
1
2
3
4
5
24
25
%
1.00500
1.01003
1.01508 1.03030
1.02015 1.04060
1.02525 1.05101
1%
1,1%
2%
1.01000 1.01500 1.02000
1.02010 1.03023 1.04040
3%
4%
5%
6%
7%
1.03000 1.04000 1.05000 1.06000 1.07000
1.06090 1.08160 1.10250 1.12360 1.14490
1.04568 1.06121 1.09273 1.12486 1.15763 1.19102 1.22504
1.06136 1.08243 1.12551 1.16986 1.21551 1.26248 1.31080
1.07728 1.10408 1.15927 1.21665 1.27628 1.33823 1.40255
1.03038 1.06152
1.03553
1.04071 1.08286
1.04591 1.09369 1.14339
1.05114 1.10462 1.16054
1.09344 1.12616 1.19405 1.26532
1.07214 1.10984 1.14869 1.22987 1.31593 1.40710
1.12649 1.17166 1.26677 1.36857 1.47746
1.19509 1.30477 1.42331 1.55133
1.21899 1.34392 1.48024 1.62889
1.05640 1.11567
1.17795
1.24337
1.06168 1.12683 1.19562 1.26824
1.06699 1.13809
1.21355
1.29361
1.07232 1.14947
1.23176
1.31948
1.07768 1.16097
1.25023
1.34587
1.11042 1.23239 1.36706
1.11597 1.24472 1.38756
1.12155 1.25716 1.40838
1.12716 1.26973 1.42950
1.13280 1.28243
1.45095
11%
10%
1.09000 1.10000 1.11000
1.18810 1.21000 1.23210
1.29503 1.33100
1.41158 1.46410
1.53862 1.61051
1.38423
1.42576
1.46853
1.51259
1.55797
2.58043 2.85312 3.15176
2.81266 3.13843 3.49845
3.06580 3.45227
3.34173 3.79750
3.64248 4.17725
1.51567 1.86029
1.54598 1.91610
1.97359
1.57690
1.60844
2.03279
1.64061
2.09378
1.53945 1.71034
1.60103 1.79586
1.66507 1.88565
1.73168
1.80094
3.47855
3.83586
3.89598 4.33452
3.88328 4.36349 4.89801
4.31044 4.88711 5.53475
4.78459 5.47357 6.25427
3.97031 4.59497 5.31089
4.32763 5.05447 5.89509
1.34010 1.41852
1.08307
1.17258
1.26899
1.37279
1.60471
1.87298 2.18287 2.54035
1.94790 2.29202 2.69277
1.08849
1.18430
1.40024 1.65285
1.09393
2.40662 2.85434
2.52695 3.02560
2.65330 3.20714
1.10490 1.22019
1.34686
1.28802
1.19615 1.30734 1.42825 1.70243 2.02582
1.09940 1.20811 1.32695 1.45681 1.75351 2.10685
1.48595 1.80611 2.19112
2.27877 2.78596
2.36992 2.92526 3.60354 4.43040 5.43654
2.46472 3.07152 3.81975 4.74053 5.87146
3.22510
4.04893 5.07237 6.34118
4.29187 5.42743 6.84848
3.39956 4.14056 5.03383
2.56330
2.66584
3.38635
14%
1.14000
1.29960
1.97993
2.07893 2.39656
12%
13%
15%
16%
1.13000
1.15000
1.16000
1.32250
1.34560
1.12000
1.25440 1.27690
1.36763 1.40493 1.44290 1.48154
1.51807 1.57352 1.63047 1.68896 1.74901 1.81064 1.87389
1.68506 1.76234 1.84244 1.92541 2.01136 2.10034 2.19245
1.52088 1.56090 1.60161
1.50363
1.59385
1.68948 1.83846
1.79085 1.96715
1.89830 2.10485
2.01220 2.25219
2.13293
2.40985
2.26090 2.57853
4.22623
4.65239
4.81790 5.35025
5.49241
6.26135 7.07571
7.13794 8.13706
3.51145
1.67710 1.77156 1.87041 1.97382 2.08195 2.19497 2.31306 2.43640 2.56516
1.82804 1.94872 2.07616 2.21068 2.35261 2.50227 2.66002 2.82622 3.00124
1.99256 2.14359
2.30454
2.47596 2.65844 2.85259 3.05902 3.27841
2.17189 2.35795 2.55804 2.77308 3.00404 3.25195 3.51788 3.80296
2.36736 2.59374 2.83942
3.70722 4.04556 4.41144
3.10585
3.39457
1.50073
1.58687
1.71382
1.60578
1.71819 1.85093
1.99900
2.15892
8.13725 9.35762
5.11726
5.93603
6.15279 6.88579
8% Periods
1
2
3
1.08000
1.16640
1.25971
1.36049
1.46933
2.71962
2.93719
2.75903 3.17217
17%
1.17000
1.36890
2.33164
2.51817
2.95216
3.42594 16
3.15882 3.70002 17
3.37993 3.99602
18
3.61653
3.86968
4.31570
19
4.66096
20
1.18000
1.39240
1.64303
1.93878
2.28776
2.69955
3.18547
3.75886
4.10840 4.43545
4.80683 5.23384
10.74800 12.33030 14.12902
6.13039 7.06733
6.86604 7.98608 9.27646
10.76126 12.46768 14.42646 16.67225
4.71712 5.55992 6.54355 7.68997 9.02427 10.57517 12.37545 14.46251 16.87895 19.67325
5.14166 6.11591 7.26334 8.61276 10.19742
12.05569 14.23177 16.77652 19.74838 23.21444
13.74349
5.60441
6.72750
8.06231
9.64629 11.52309
16.36654
19.46076 23.10560 27.39303
4
7.98752 9.00745 10.14724
9.26552 10.53872 11.97375
5
6
15.66758 18.82152 22.57448 27.03355 32.32378
17.86104 21.64475
6.10881 7.40025 8.94917 10.80385 13.02109
6.65860 8.14027 9.93357 12.10031 14.71383
7.25787 8.95430 11.02627 13.55235 16.62663 20.36158 24.89146
7.91108 9.84973 12.23916 15.17863 18.78809 23.21221 28.62518
8.62308 10.83471 13.58546 17.00006 21.23054 26.46192 32.91895
26.18640 31.62925 38.14206
30.37622 37.00623 45.00763
35.23642 43.29729 53.10901
40.87424 50.65783
7
8
9
10
18% Periods
1
2
3
4
5
11
12
13
14
15
21
22
23
24
25
5.62399
6.17593
7.28759
6.58007
7.69868 8.59936 13.
6
7
8
9
10
HDBHD G5%28 52
12
16
21
23
62.66863 25
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