1. Annual Rate Interest Period Original Amount Principal per $1.00 Amount Annual Interest Earned percentage yield C. d.

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1 Annual Rate Interest Period Original Amount Principal Per 1 00 Amount Annual Interest Earned Percentage Yield C D 1 (80.6 KiB) Viewed 43 times

1. Annual Rate Interest Period Original Amount Principal per $1.00 Amount Annual Interest Earned percentage yield C. d. a. b. a. C. 3.50% 1 year quarterly $6,000 4.25% 1 year quarterly 8,400 1.50% 1 year monthly 5,000 2.50% 1 year daily 1,800 b. b. a. d. d. d. a. b. daily monthly quarterly 3.75% 1.038210 1.038151 1.038031 3,50% 1035618 2. Mary Watson has $50,000 to invest in a 4-year certificate of deposit that earns interest at a rate of 3.75% compounded monthly or 3.50% compounded daily. Based on annual yield, which is the better investment? 3. Paul Durant invested $100,000 at 6% compounded daily for 4 years and $100.000 at 6 compounded monthly for 1 year a) What is the interest earned for 1 year on each investment? by What is the annual percentage yield for each investment? daily monthly quarterly 6.00% 1,051831 1,061678 1064364