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Rob deposits $1,000 in a savings account that pays 4.4% interest compounded monthly. A) How much is in his account at the end of one year? B) What is his Annual Percentage Yield for his account as percent?
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Rob deposits $1,000 in a savings account that pays 4.4% interest compounded monthly. A) How much is in his account at the end of one year? B) What is his Annual Percentage Yield for his account as percent?​

User Rudimeier
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1 Answer

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1528 in one year and 5% yield
User Cnfn
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