For the following investment, compute the amount of compound interest earned in one year and the annual percentage yield, rounding dollars to the nearest cent, and rate to the nearest hundredth: $$\begin{array} { l l l l l }
& \text { Nominal } & \text { Interest } & \text { Compound Interest } & \text { Effective } \
\text { Principal } & \text { Rate } & \text { Compounded } & \text { Earnedin One Year } & \text { Rate } \
\$ 6,600 & 6 \% & \text { quarterly } &------ & ------\

\end{array}$$

Question

For the following investment, compute the amount of compound interest earned in one year and the annual percentage yield, rounding dollars to the nearest cent, and rate to the nearest hundredth: $$\begin{array} { l l l l l } 
& \text { Nominal } & \text { Interest } & \text { Compound Interest } & \text { Effective } \
\text { Principal } & \text { Rate } & \text { Compounded } & \text { Earnedin One Year } & \text { Rate } \
\$ 6,600 & 6 \% & \text { quarterly } &------ & ------\

\end{array}$$

Quizplus · Accepted Answer

The Answer of For the following investment, compute the amount of compound interest earned in one year and the annual percentage yield, rounding dollars to the nearest cent, and rate to the nearest hundredth: $$\begin{array} { l l l l l } 
& \text { Nominal } & \text { Interest } & \text { Compound Interest } & \text { Effective } \
\text { Principal } & \text { Rate } & \text { Compounded } & \text { Earnedin One Year } & \text { Rate } \
\$ 6,600 & 6 \% & \text { quarterly } &------ & ------\

\end{array}$$

For the Following Investment, Compute the Amount of Compound Interest