Question: 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

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	Nominal Rate (%)	Interest Compounded	Compound Interest Earned in 1 Year	Annual Percentage Yield (APY)
$3,000	16	semiannually	$	%

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