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What is the yearly interest rate (APY) earned on a deposit that grew from $400 to $10,600 over the last 10 years, assuming monthly compounding?
What is the yearly interest rate (APY) earned on a deposit that grew from $400 to $10,600 over the last 10 years, assuming monthly compounding? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment What is the yearly interest rate (APY) earned on a deposit that grew from $400 to $10,600 over the last 10 years, assuming monthly compounding? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment
What is the yearly interest rate (APY) earned on a deposit that grew from $400 to $10,600 over the last 10 years, assuming monthly compounding? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment
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