An agent is selling an investment that earns 4.855% compounded semiannually. What is the APY (in percent) of the investment? (Round your answer to the nearest hundredth of a percent.)

 

You plan to retire in 35 years and would like to have $1,000,000 in investments. How much money would you have to invest today at a 7% annual interest rate compounded daily to reach your goal in 35 years? (Assume all years have 365 days. Round your answer to the nearest cent.)
 

Calculate the future value of $9,000 earning 6% interest compounded quarterly for 7 years. (Round your answer to two decimal places.)
 

Calculate the amount of interest earned in 9 years on $17,000 deposited in an account paying 10% annual interest, compounded quarterly. (Round your answer to the nearest cent.)

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1 To find the Annual Percentage Yield APY of an investment compounded semiannually at a rate of 4855 ... View the full answer