12.2 Annual Percentage Yield

​12.2 Annual Percentage Yield

​Question 1 pg. 445

​Did you get 5.9%???

You should have. :)

​Try number 2.

​What is r?

What is n?

What is your APY?

​r = 5%

n = 4

APY = 5.1% or 5.09% depending how far you take it out.

If you are comparing you might need to take it out further to see a difference.

​Question 3

Multiple Choice

Question 5) What is the APY?

• 1.5%

• 3.5%

• 4.3%

• 2.5%

Multiple Choice

Question 6) What is the APY?

• 1.5%

• 3.5%

• 4.3%

• 2.5%

Multiple Choice

Question 7) What is the APY?

• 1.5%

• 3.5%

• 4.3%

• 2.5%

Multiple Choice

Question 8) What is the APY?

• 1.5%

• 3.5%

• 4.3%

• 2.5%

Fill in the Blanks

Question 9) What is the annual percentage yield to the nearest hundredth of a percent? (2 places past the decimal? Include the percent sign!

Fill in the Blanks

Question 10) What is the annual percentage yield to the nearest thousandth of a percent? (3 places past the decimal? Include the percent sign!

Multiple Select

Question 11) Which is the better option? Why?

• 4% daily

• 4% monthly

• Because the APY is 4.08%

• Because the APY is 4.07%

Multiple Select

Question 12) Which is the better option? Why?

• 3.75% monthly

• 3.5% daily

• Because the APY is 3.8%

• Because the APY is 3.6%

Multiple Select

Question 13) What is the annual percentage yield for each? Choose both correct answers.

• 6.183%

• 6.168%

• 5.127%

• 5.378%

Multiple Select

Question 13) What is the interest earned for each? Choose both correct answers.

• $6,183.13

• 106,183.13

• $27,122.41

• $6,167.78

Multiple Select

Question 14) What is the annual percentage yield for each? Choose both correct answers.

• 6.183%

• 6.168%

• 5.127%

• 5.378%

Multiple Select

Question 14) How much interest is earned at maturity for each? Choose both correct answers.

• $769.01

• $15,769.01

• $4,662.26

• $1,075.64