SOLUTION: A bank features a savings account that has an annual percentage rate of 4.3 % with interest compounded quarterly. Angel deposits $11,000 into the account. How much money will An

Algebra ->  Test -> SOLUTION: A bank features a savings account that has an annual percentage rate of 4.3 % with interest compounded quarterly. Angel deposits $11,000 into the account. How much money will An      Log On


   



Question 1195613: A bank features a savings account that has an annual percentage rate of 4.3 % with interest compounded quarterly. Angel deposits $11,000 into the account.
How much money will Angel 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(52787) About Me  (Show Source):
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