SOLUTION: A bank features a savings account that has an annual percentage rate of 3.5 % with interest compounded annually. Joshua deposits $12,000 into the account.
How much money will Jo
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How much money will Jo
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Question 1195614: A bank features a savings account that has an annual percentage rate of 3.5 % with interest compounded annually. Joshua deposits $12,000 into the account.
How much money will Joshua 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.
