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. (Roun

Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Roun places.) Principal $4,000 Nominal Rate (%) Need Help? Submit Answer 16 Read It Interest Compounded semiannually Compound Interest Earned in 1 Year $ Annual Percentage Yield (APY) %

Using Table 11-1, compute the amount of compound interest (in \\$) eamed in 1 year and the annual percentage yiefd (Apr) foc the Investment. (Pount places.) \\begin{tabular}{|c|c|c|c|c|} \\hline Principal & \$ \\begin{array}{c}\\text { Nominal } \\\\ \\text { Rate (\\%) }\\end{array} \$ & \$ \\begin{array}{c}\\text { Interest } \\\\ \\text { Compounded }\\end{array} \$ & \$ \\begin{array}{c}\\text { Compound Interest } \\\\ \\text { Eamed in 1 Yeor }\\end{array} \$ & \$ \\begin{array}{c}\\text { Annual Percentage } \\\\ \\text { Yield (APY) }\\end{array} \$ \\\\ \\hline 54,000 & 16 & semiannually & 5 \\\\ \\hline \\end{tabular} Need Help? Fend Submit Answer

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