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A bank features a savings account that has an annual percentage rate of 3 % with interest compounded annually. Laila deposits $ 8 , 0

A bank features a savings account that has an annual percentage rate of $3 %$ with interest compounded annually. Laila deposits $ $8, 000$ into the account.

How much money will Laila have in the account in $1$ year?

Answer $=$ $ Round answer to the nearest penny.

What is the annual percentage yield $($ APY $)$ for the savings account?

APY $=$

$% .$ Round to the nearest hundredth of a percent.

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