Multiple Choice
Solve the problem.
-Suppose you saw an advertisement in the newspaper for a financial planner who was Recommending a certificate of deposit that paid 5.5% interest compounded quarterly. In the fine Print at the bottom of the advertisement, it stated that the APY on the CD was 5.61%. Was this Advertisement accurate?
A) Yes
B) No
Correct Answer:
Verified
Correct Answer:
Verified
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