A bank features a savings account that has an annual percentage rate of 3 % with interest compounded quarterly. Delaney deposits $5,000 into the account. What is the annual percentage yield (APY) for the savings account? 96. Round to the nearest hundredth of a percent. APY =

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A: the amount of money she saved is calculated as shown below

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A: We will solve the following

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A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=400 r=5%=0.05 n=12 for…

Q: Using the following formula, determine the APY for an account that has an annual interest rate of…

A: The APY for an account that has an annual interest rate of 6.1% and compounded monthly.

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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A:

Q: he Treasury Department auctioned $15 billion in 3-month bills in denominations of $10,000 at a…

A: formula for effective rate =r1-rt where t=3 month12 month=14

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

A: Given: Let us consider the given, Principle=$1500 Rate=14% Time Period=3 years

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A:

Q: A microwave oven may be purchased by making $50 down payment, followed by $25 at the end of each…

A: We know, that the loan amount formula isLoan Amount=A1+rn-1r1+rnHere, A=$25           r=…

Q: Find the final amount of money in an account if $1, 600 is deposited at 6.5 % interest compounded…

A: Given  Principal = $1600 rate = 6.5% time = 5 years  Compounded weekly.

Q: Suppose you want to have $300,000 for retirement in 30 years. Your account earns 10% interest…

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Q: You deposit $100 each month into an account earning 3% interest compounded monthly. You should show…

A: Given Initial deposite PV=$100Monthly interest i=3%=0.03Time t=20 years

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A: Since you have posted a multiple question according to guildlines I will solve first question for…

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Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

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Q: You borrow $625 for 90 days at a simple interest rate of 4.1%. what is the interest on the loan?

A: To calculate the simple interest under the given conditions

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A: a) Obtain the amount in the account after 30 years as follows. Use the formula below.…

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A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: mortgage, what is the total amount of interest? *

A: Here total interest paid = total payments-borrowed amount

Q: What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $875,…

A: Solution:      Given,        Face value of corporate bond=$1000        After discount current price…

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Q: deposits $10,000 into an account paying 9 (a number bet 6, rounded to the tenths place) % interest,…

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Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below

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A: We have to use formula for compound interest to solve the problem

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A: Given: Total cash cost = $5000 She decides to finance the project by paying 11.0% down, with the…

Q: Next A bank features a savings account that has an annual percentage rate of 3.2 % with interest…

A:

Q: Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest…

A: Given that Amount of money Laura invested = $2000 Compound Interest rate = 6.4%  To calculate the…

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A: what finance charge will jamie pay  i m solving only first because in second part need apr table

Q: Use excel to calculate the total interest on a cellphone for $666 at 5.56% interest over two years…

A: The answer for the above solution is shown above.

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A: Ordinary simple interest is a simple interest that uses 360 days as the equivalent number of days in…

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A: Put value of rate and time in given equation

Q: To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you…

A: First of all, consider the given values and the formula for the S.I.The principle amount =…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.