Solve the following problems using either table 11-1 or table 11-2. when necessary, create new table factors. (round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) refer to narrative 11-1. calculate the annual percentage yield on an investment of $7,000 at 8% interest, compounded quarterly, for one year. (round the annual percentage yield to the nearest hundredth percent)
a. 7.75% b. 8.24% c. 24.73% d. 8.00%
solve the following problems using either table 11-1 or table 11-2. when necessary, create new table factors. (round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)