Question
A bank features a savings account that has an annual percentage rate of 2.6 % with interest compounded monthly. Trent deposits $11,500.00 into the
A bank features a savings account that has an annual percentage rate of 2.6 % with interest compounded monthly. Trent deposits $11,500.00 into the account. How much money will Trent have in the account in 1 year? Trent will have What is the annual percentage yield (APY) for the savings account? The APY is Round to the nearest hundreth of a percent and don't forget to include a percent sign, %, in your answer.
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Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
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