Principal (Present Value) $8,000 $7,500 $15,000 $1,000 $25,000 Interest Rate 12% 10% 16% 6% 12% Compounded annually semi-annually quarterly semi-annually quarterly APY % (2 decimal places) X X X 12 10.25 16.99 6.09 X 12.55
Principal (Present Value) $8,000 $7,500 $15,000 $1,000 $25,000 Interest Rate 12% 10% 16% 6% 12% Compounded annually semi-annually quarterly semi-annually quarterly APY % (2 decimal places) X X X 12 10.25 16.99 6.09 X 12.55
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Using the directions on the yellow highlighted image correct the table

Transcribed Image Text:Compute for the Annual Percentage Yield (APY) also known as the effective rate.
Principal (Present Value)
$8,000
$7,500
$15,000
$1,000
$25,000
Interest Rate
12%
10%
16%
6%
12%
Compounded
annually
semi-annually
quarterly
semi-annually
quarterly
APY % (2 decimal places)
X 12
X
X
X
10.25
16.99
12.55

Transcribed Image Text:UNDE-* -·*-*-
the effective rate (APT) of interest for 1 year.
atein Interestinraran
Principal
$15.500
quarterly
CHHE CAPT
pal: $6.000
est rate 122
ounded
mually
pal: $7.500
rast rater 10X
sounded
mi-annually
$15.000
1:10:43
PV = 15500
PR-159)
F-INT
|---3-0.0.
FV - 15500(1 +0.007 fees - HAN
FYZF445DN
~DUM- 1950
INTOLAZILAPY
PV = 15500
Interest = 1945.39
APY = Exteres
APY 1945.34
15500
APY = 0.1255 = 12.55%
C
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