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Interest and Financial Method lower right corner of the cell to drag such formulas down the column. in the background. If you decide not to
Interest and Financial Method
lower right corner of the cell to drag such formulas down the column. in the background. If you decide not to use the spreadsheet, remember that you should not round intermediate steps and only round final answers. Chambers and Crane Credit Union (CCCU) offers customers five different savings account options: - Account 1 offers an APR of 10.662%, compounded annually. - Account 2 offers an APR of 8.565%, compounded daily. - Account 3 offers an APR of 10.043%, compounded monthly. - Account 4 offers an APR of 11.809%, compounded weekly. - Account 5 offers an APR of 9.304%, compounded quarterly. Use this account information to answer the questions below. Round all dollar amounts to the nearest cent (2 decimal places). drag the formula through to D13. This will display all of the APYs in column E. rounded to 3 decimal places. during the 33 months. rounded to 2 decimal places. Then, round that answer to days, rounded to the nearest whole number of days (using 365 days per year). Coach will need to wait for a time of t years, which rounds to days. that Woody now has a total (future value) of $ and we can conclude that his continuously compounded interest rate at Howe's IB was approximately % (round the percentage to 3 decimal places)Step by Step Solution
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