## Effective Interest Rate Assignment

A $1860 investment has grown to $1919 in 3 months. Answer questions 11, 12 and 13, The value of Annual percentage yield (APY) is: a. 12.55% b. 12.69% c. 13.30% d. 13.68%

The value of semiannually effective interest rate is: a. 6.44% 6.6.28.% c. 6.33% d. 7.08% c. 5.16% 3. The value of interest amount() at the end of 6 years is: (c) $2015.53 (d) $3071 (e) $2421.66 (h) 53934.

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