Interest compounded annually

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Reference no: EM13846732

Park City, Utah’s, Treasure Mountain International School is a public middle school interested in raising money for next year’s Sundance Film Festival. If the school raises $2,989 and invests it for 1 year at 3% interest compounded annually, what is the APY earned? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

APY ? %

Reference no: EM13846732

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