SOLUTION: What is the annual percentage yield of a $10,000 investment for 1 year at 12% interest compounded monthly? (Round APY to the nearest hundredth.)

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Question 792857: What is the annual percentage yield of a $10,000 investment for 1 year at 12% interest compounded monthly? (Round APY to the nearest hundredth.)
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=10000(1.01)^12
FV=10000(1.1268)
FV=$11,268.25