ross2003jr ross2003jr

29-04-2024
Mathematics

Answered

A bank features a savings account that has an annual percentage rate of 2.3 % with interest compounded quarterly. Angeline deposits $4,500 into the account. How much money will Angeline 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.

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