If the APY of a savings account is 2.8% and if the principal in the savings account is $2600 for an entire year, what will be the balance of the savings account after all the interest is paid for the year?

A. $2607.28
B. $2672.80
C. $2800
D. $2600

Question

If the APY of a savings account is 2.8% and if the principal in the savings account is $2600 for an entire year, what will be the balance of the savings account after all the interest is paid for the year?

 		A.	$2607.28
 		B.	$2672.80
 		C.	$2800
 		D.	$2600

decarr432 · Answer

Hello friend you are in the wrong section for this I recommend moving this over to economics for the best help we have here on OS and thanks for signing up :)

decarr432 · Answer

http://openstudy.com/study#/groups/Economics%20-%20Financial%20Markets

decarr432 · Answer

here is a link fo ryou