A student puts $10,000 in a savings account that pays 16% annual interest, compounded quarterly. How much money will the student have at the end of 5 years? How much interest will the student have earned in 5 years? What is the effective yield (APY)? Ending Value: $ (round to the nearest cents) Interest: $ (round to the nearest cents) APY: (written as a decimal, round to the fourth decimal place) Pt 2 A student puts $10,000 in a savings account that pays 16% annual interest, compounded monthly. How much money will the student have at the end of 5 years? How much interest will the student have earned in 5 years? What is the effective yield (APY)? Ending Value: $ (round to the nearest cents) Interest: $ (round to the nearest cents) APY: (written as a decimal, round to the fourth decimal place) Pt3 A student puts $10,000 in a savings account that pays 16% annual interest, compounded daily. How much money will the student have at the end of 5 years? How much interest will the student have earned in 5 years? What is the effective yield (APY)? Ending Value: $ (round to the nearest cents) Interest: $ (round to the nearest cents) APY: (written as a decimal, round to the fourth decimal place)
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A student puts $10,000 in a savings account that pays 16% annual interest, compounded quarterly.
How much money will the student have at the end of 5 years? How much interest will the student have earned in 5 years? What is the effective yield (APY)?
Ending Value: $ (round to the nearest cents)
Interest: $ (round to the nearest cents)
APY: (written as a decimal, round to the fourth decimal place)
Pt 2
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A student puts $10,000 in a savings account that pays 16% annual interest, compounded monthly.
How much money will the student have at the end of 5 years? How much interest will the student have earned in 5 years? What is the effective yield (APY)?
Ending Value: $ (round to the nearest cents)
Interest: $ (round to the nearest cents)
APY: (written as a decimal, round to the fourth decimal place)
Pt3
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A student puts $10,000 in a savings account that pays 16% annual interest, compounded daily.
How much money will the student have at the end of 5 years? How much interest will the student have earned in 5 years? What is the effective yield (APY)?
Ending Value: $ (round to the nearest cents)
Interest: $ (round to the nearest cents)
APY: (written as a decimal, round to the fourth decimal place)
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