Question: Using Table 1 1 - 1 , compute the amount of compound interest ( in $ ) earned in 1 year and the annual percentage

UsingTable 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.)
Principal : 32,000
Nominal rate: 12
Interest compound : monthly
Compound interest earned in 1 year: ?
Annual percentage yield: 12.68%

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