Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Shayla Montega invests $28,000 in a certificate of deposit for 4 years. If she earned $1,281.42 after 1 year, what is the annual percentage
Shayla Montega invests $28,000 in a certificate of deposit for 4 years. If she earned $1,281.42 after 1 year, what is the annual percentage yield to the nearest thousandth of a percent? 4.621% 4.550% 4.577%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started