Question: Submit Answer Practice Another Version 0/1 points Previous Answers CSUSBCraudQL3 4.1.024. Assume that an 18-month CD purchased for $7000 pays an APR of 6 %

Submit Answer Practice Another Version 0/1 points Previous Answers CSUSBCraudQL3 4.1.024. Assume that an 18-month CD purchased for $7000 pays an APR of 6 % compounded monthly. What is the APY? (Round your swer to two decimal places.) X % Would the APY change if the investment were $11,000 for 30 months with the same APR and with monthly compounding? Yes, the APY changes if the investment is $11,000 for 30 months with the same APR ONo, the APY does not change if the investment is $11,000 for 30 months with the same APR eBook Viewing Saved Work Revert to Last Response 1/1 points Previous Answers CSUSBCraudQL3 4.1.026. 7. Assume that a one-year CD purchased for $1000 pays an APR of 8 % that is compounded semi-annually. How much is in the account at the end of each compounding it each perlod rather than using the compound interest formula. Round your answers to the nearest cent.). first period $1040 Type here to search

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