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)
$$\begin{array} { | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { \#times Compounded per year } & \text { Effective Rate (APY) } \\\hline \$8,000 & 12 \% & \text { Semiannually } & ?\\\hline\end{array}$$

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Definitions:

Human Reproductive Cloning

The creation of a genetically identical copy of a human, focusing specifically on reproducing human DNA.

Ethically Wrong

A moral judgment indicating that an action or decision is contrary to ethical principles or moral law.

Sperm Donor

An individual who provides sperm for the purpose of inseminating someone who wants to become pregnant without engaging in sexual intercourse.

Moral Responsibilities

Obligations to act in ways considered ethically right and avoid actions that are wrong, often implying accountability for one’s actions.