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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.) Nominal Interest Principal Rate (%) Compounded Compound Interest Earned in 1 Year Annual Percentage Yield (APY)4,000 14 semiannually %
Using Table 11-1, compute the amount of compound interest (in ) …
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