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Author Question: You invest $3000 and after one year it has grown to $3200. What is the APY on your investment? (Read 48 times)

K@

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on: May 5, 2020

Question 1

Suppose you invest $P on a CD paying 3.65% interest compounded continuously for a term of 125 days. At the end of the term you get $4050.31 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $4000
◦ $3955
◦ $4025
◦ $4015
◦ $3975

Question 2

You invest $3000 and after one year it has grown to $3200. What is the APY on your investment?
◦ 1.6%
◦ 0.7%
◦ 6.55%
◦ 6.7%
◦ none of these
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by K@ on May 5, 2020

wergv

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Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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K@

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  • Posts: 608
Reply 2 on: May 5, 2020
YES! Correct, THANKS for helping me on my review

dawsa925

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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