The compound interest earned in 1 year and the annual percentage yield (APY) for the investment with principal $ 5 , 000 is made at 10 % compounded semiannually.

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Chapter 11.I, Problem 24RE

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To calculate: The compound interest earned in 1 year and the annual percentage yield (APY) for the investment with principal $5,000 is made at 10% compounded semiannually.

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