A bank features a savings account that has an annual interest rate of 4.6 % with interest compounded monthly Carissa deposits $10,500 into the account.
How much money will Carissa have in the account in 1 year?
Answer = $ 10,927.79 x. Round answer to the nearest penny.
What is the annual percentage yield (APY) for the savings account?
APY =%. Round to the nearest hundredth of a percent.