Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. deckland deposits $5,000 in a one year cd at 3.8%

Deckland deposits $5,000 in a one year CD at 3.8% interest, compounded daily. What is...

80.2K

Verified Solution

Question

Finance

Deckland deposits $5,000 in a one year CD at 3.8% interest, compounded daily. What is the APY to the nearest hundredth of a percent?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

6 In AWAG mZA 64 WA 16 and GA 9 Solve the triangle by finding...

Advance Math
1.2K views

For any Gaussian Integer z ? ?[i] with z = a+bi , define N(z) =a2 +...

Physics
1.2K views

A heat engine operating between a hot reservoir at 600 K and a cold reservoir...

Geometry
1.2K views

Geometry Classwork Review Lessons 4 1 to 4 4 Find each measure 1 mz1 2...

Statistics
1.2K views

Espanol Here are the fuel efficiencies in mpg of 10 new cars 28 25 33...

Calculus
1.2K views

Find all values of x and y such that Px x y 0 and Py...

Accounting
1.2K views

What is the present value of the following cash-flow stream if the interest rate is...

Accounting
1.2K views

A cafe latte was offered for sale at $2.54 at West Store. At East Store,...

Accounting
1.2K views

What is the approval requirement when the IRS seeks to assess certain penalties?

Accounting
1.2K views

Surfer Girl Clothing Company issues 1,000 shares of $1 par value common stock at $25...

Accounting
1.2K views

i could not find answers to c,d,e,f Locate the court decision...

Finance
1.2K views

Adriatic Co. has issued 20 year bonds five years ago. The coupon rate is 9%....