Find effective rate (APY)and show work: (round answer to the nearest hundredth)
$$\begin{array} { | l | l | l | l | }
\hline \text { Principal } & \text { Rate } & \begin{array} { l }
\text { When } \
\text { Compounded }
\end{array} & \begin{array} { l }
\text { Effective Rate } \
\text { (APY) }
\end{array} \
\hline \$ 5,000 & 10 \% & \text { Semiannually } & \text { ? } \
\hline
\end{array}$$

Question

Find effective rate (APY)and show work: (round answer to the nearest hundredth)
 $$\begin{array} { | l | l | l | l | } 
\hline \text { Principal } & \text { Rate } & \begin{array} { l } 
\text { When } \
\text { Compounded }
\end{array} & \begin{array} { l } 
\text { Effective Rate } \
\text { (APY) }
\end{array} \
\hline \$ 5,000 & 10 \% & \text { Semiannually } & \text { ? } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Find effective rate (APY)and show work: (round answer to the nearest hundredth)
 $$\begin{array} { | l | l | l | l | } 
\hline \text { Principal } & \text { Rate } & \begin{array} { l } 
\text { When } \
\text { Compounded }
\end{array} & \begin{array} { l } 
\text { Effective Rate } \
\text { (APY) }
\end{array} \
\hline \$ 5,000 & 10 \% & \text { Semiannually } & \text { ? } \
\hline
\end{array}$$

Find Effective Rate (APY)and Show Work: (Round Answer to the Nearest