What conclusion you can use the rounded APY from part 3a in the APY Balance Formula to calculate the balance after four years (to the nearest cent).
solve those problems please. 1. Calculate the final balance using the monthly version of Compound Interest Balance Formula (to the nearest cent) as directed below. a. Break the computation of the balance into two parts, first round 1 + APR to the 12 nearest hundredth, and then use this rounded value in the Compound Interest … Read more