Mathematics, 12.04.2021 20:00 careykrysta

Hertha Sponer invested $8,000 in a certificate of deposit for 4 years. The certificate earns interest at an annual rate of 8.25% compounded quarterly. The amount per $1.00 is 1.085088. What is the annual percentage yield to the nearest thousandth percent?

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Hertha Sponer invested $8,000 in a certificate of deposit for 4 years. The certificate earns interes...