subject
Mathematics, 01.03.2021 21:50 mewings

Assume that an 18-month CD purchased for $11,000 pays an APR of 3% compounded monthly. What is the APY? (Round your answer to two decimal places.) %Would the APY change if the investment were $7000 for 30 months with the same APR and with monthly compounding?Yes, the APY changes if the investment is $7000 for 30 months with the same APR. No, the APY does not change if the investment is $7000 for 30 months with the same APR.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
When lulu enlarged her drawing of a rabbit, the enlarged picture appeared to be distorted. which statement about the transformation applied to her drawing is true?
Answers: 2
question
Mathematics, 21.06.2019 22:40
What is the the greatest common factor ?
Answers: 2
question
Mathematics, 22.06.2019 02:30
The distribution of a sample of the outside diameters of pvc pipes approximates a symmetrical, bell-shaped distribution. the arithmetic mean is 14.0 inches, and the standard deviation is 0.1 inches. about 68% of the outside diameters lie between what two amounts?
Answers: 1
question
Mathematics, 22.06.2019 04:30
Write the fraction for the part that is shaded. then find the equivalent fraction.
Answers: 1
You know the right answer?
Assume that an 18-month CD purchased for $11,000 pays an APR of 3% compounded monthly. What is the A...
Questions
question
Social Studies, 21.01.2021 09:30
question
Biology, 21.01.2021 09:30
question
History, 21.01.2021 09:30
question
English, 21.01.2021 09:30
question
Mathematics, 21.01.2021 09:30