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What do I enter for each of these fields?
|1)||Put the amount of money that is either currently in the account, or the amount that will be initially deposited in this field.|
|2)||Put the APY (Annual Percent Yield) of the account in percent format (e.g. 6.877) in this field.|
|3)||Put the amount of time in years that the account will be open for in this field. If you need to enter the amount of time in months, then you will need to convert it to years by taking the time in months and dividing by 12 (e.g. 8 months: 8 months / 12 = 0.667 years). If you need to enter a time in terms of months and years, you will have to take the partial months and convert them to parts of a year then add the parts of a year to the number of whole years (e.g. 2 Years and 4 months: 4 months / 12 = 0.333 Years; 2 Years + 0.333 Years = 2.333 Years).|
|4)||For this question number, you may choose to either fill out what you would like the total future value of the account to be (including initial deposit and earned interest), or the amount of interest you would like to earn. You may only fill out one or the other, not both.|