Find effective rate (APY)and show work: (round to nearest hundredth)
$$\begin{array} { | l | l | l | l | }
\hline \text { Principal } & \text { Rate } & \text { \#times Compounded per year } & \text { Effective Rate (APY) } \
\hline \$8,000 & 12 \% & \text { Semiannually } & ?\
\hline
\end{array}$$

Question

Find effective rate (APY)and show work: (round to nearest hundredth)
 $$\begin{array} { | l | l | l | l | } 
\hline \text { Principal } & \text { Rate } & \text { \#times Compounded per year } & \text { Effective Rate (APY) } \
\hline \$8,000 & 12 \% & \text { Semiannually } & ?\
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Find effective rate (APY)and show work: (round to nearest hundredth)
 $$\begin{array} { | l | l | l | l | } 
\hline \text { Principal } & \text { Rate } & \text { \#times Compounded per year } & \text { Effective Rate (APY) } \
\hline \$8,000 & 12 \% & \text { Semiannually } & ?\
\hline
\end{array}$$

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