To celebrate Brittany's birth, her family opens a CD (certificate of deposit) with $ 6 , 000

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To celebrate Brittany's birth, her family opens a CD (certificate of deposit) with $ 6 , 000 in it. The CD earns 5.3 % compounded quarterly. Brittany will have access to the money when she turns 19 old. Answer the following questions. Round answers to 2 decimal places. (A) How much money will be in the account in 19 years? Total amount: $ . (B) What percentage of the money in the account will be from interest? Percentage from interest: % (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). A P Y =

Posted Date: May 18, 2024 07:16 PM

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To celebrate Brittany's birth, her family opens a CD (certificate of deposit) with $ 6 , 000

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