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.)

TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) The values in Table 11-1 were generated by the formula FV=(1+i)n rounded to five decimal places, where i is the interest rate per period and n is the total number of periods. \begin{tabular}{|c|c|c|c|c|} \hline Principal & NominalRate(%) & InterestCompounded & CompoundInterestEarnedin1Year & AnnualPercentageYield(APY) \\ \hline$6,000 & 16 & semiannually & $ & \\ \hline \end{tabular}