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Assume that a one year CD purchased for $1000 pays an APR of 12% that is compounded semi-annually. How much is in the account at

Assume that a one year CD purchased for $1000 pays an APR of 12% that is compounded semi-annually. How much is in the account at the end of each compounding period ? (Calculate the interest and compound it each period rather than using the compound interest formula. Round your answer to the nearest cent.)
first period-
second period-
How much total intrest does it earn?
What is the APY?
image text in transcribed
APR of 3.21% compounded monthly APR of 3.25% compounded semiannually All of the above options have the same APY. APR of 3.23% compounded quarterly eBook 6. [-/4 Points) DETAILS CRAUDQL3 4.1.026. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that a one-year CD purchased for $1000 pays an APR of 12% that is compounded semi-annually. How much is in the account at the end of each compounding period? (Calculate the interest and compound it each period rather than using the compound interest formula. Round your answers to the nearest cent.) first period $ second period $ How much total interest does it earn? (Round your answer to the nearest cent.) $ What is the APY? % elok [-16 Points) DETAILS CRAUDQL3 4.1.027 MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER

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