Find Effective Rate (APY)and Show Work: (Round to Nearest Hundredth)

question 58

Short Answer

Find effective rate (APY)and show work: (round to nearest hundredth)
$$\begin{array} { | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { \#times Compounded per year } & \text { Effective Rate (APY) } \\\hline \$8,000 & 12 \% & \text { Semiannually } & ?\\\hline\end{array}$$

---

Definitions:

Natural Selection

A process in biological evolution where certain traits become more common in a population because they contribute to an organism’s survival and reproduction.

Macroevolution

Evolution above the species level or leading to the formation of new species.

DNA Tests

Methods used to analyze the genetic material from an individual's cells, to identify genetic variations, relationships, or susceptibility to diseases.

Dadaab Refugee Camp

A large refugee camp in Kenya, established in the early 1990s to house those fleeing conflict in neighboring countries, predominantly Somalia.