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Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $16,000 is invested for 5 years with an APR of 6% and daily compounding The balance in the account after 5 years is $. (Round to the nearest cent as needed. lee 0 S Time Remaining: 01:48:12 Next (?) 2. Use compound interest ormud to compute the balance in each account after the stated period of time, and compute the annual percentage rate (APY): a. $20,000 is invested at an APR of 2,7% point(s) possible Submit test Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 4.1% compounded daily The annual percentage yield is %. (Do not round until the final answer. Then round to two decimal places as needed.) CC ave Assessment Question y Of 43 This question: 1 point(s) possible Submit te S in Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 1.17% compounded monthly The annual percentage yield is %. (Do not round until the final answer. Then round to two decimal places as needed est m 57 This question: 1 point(s) possible Submit test Jinv Find the savings plan balance after 12 months with an APR of 3% and monthly payments of $300. The balance is $ (Do not round until the final answer. Then round to the nearest cent as needed ) st m 57- acc Question 11 of 43 possible This question: 1 point(s) possible Submit tes Use the savings plan formula to answer the following question. A friend has an IRA with an APR of 5.25% She started the IRA at age 23 and deposits $85 per month. How much will her IRA contain when she retires at age 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain $ (Do not round until the final answer. Then round to the nearest cent as needed.) The total deposits made over the time period is $ (Type a whole number.)