SOLUTION: A bank features a savings account that has an annual percentage rate of 2.7 % with interest compounded monthly. Natalia deposits $9,500 into the account.
How much money will Nat
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How much money will Nat
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Question 1195611: A bank features a savings account that has an annual percentage rate of 2.7 % with interest compounded monthly. Natalia deposits $9,500 into the account.
How much money will Natalia have in the account in 1 year?
Answer = $ ___ . Round answer to the nearest penny.
What is the annual percentage yield (APY) for the savings account?
APY= ___ %. Round to the nearest hundredth of a percent. Answer by ikleyn(52756) (Show Source):
