Question: 7. [-/2 Points] Principal $3,000 DETAILS Nominal Rate (%) Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and

7. [-/2 Points] Principal $3,000 DETAILS Nominal Rate (%) Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Submit Answer 12 Need Help? Read It BRECMBC9 11.1.024. Interest Compounded semiannually Compound Interest Earned in 1 Year MY NOTES $ Annual Percentage Yield (APY) ASK YOUR TEACHER % PRACTICE ANOTHER

/2 Points] BRECMBC9 11.1.024. Using Table 11-1, compute the amount of compound interest (in \$) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.)

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