Home > MAT 107 - Spring I, 2022 > Assessment FINAL EXAM 7mins X Save progress Done Score: 11.28/ 18 1 1/18 answered Question 18 1pt 917 A bank features a savings account that has an annual percentage rate of T = 2.7% with interest compounded quarterly. Merryll deposits $6,000 into the account. The account balance can be modeled by the exponential formula A (f) - a (1 + 2) . where A is account value after t years , a is the principal (starting amount), 7 is the annual percentage rate, k is the number of times each year that the interest is compounded. (A) What values should be used for a, r, and k? a k (B) How much money will Merryll have in the account in 8 years? Answer = $ Round answer to the nearest penny. (C) What is the annual percentage yield (APY) for the savings account? (The APY is the actual or effective annual percentage rate which includes all compounding in the year). APY = 96 . Round answer to 3 decimal places. Submit Question w 670 DELL Pharmac BIN 833-462-7547 Plan 004336 NYM/FHP CHP bara (sup ) 004336 HR HBX 004336