Question: 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

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.)

Principal	Nominal Rate (%)	Interest Compounded	Compound Interest Earned in 1 Year	Annual Percentage Yield (APY)
$34,000	12	monthly	$	%

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