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    Mathematics
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    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Find the Annual Percentage Yield (APY)
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Find the Annual Percentage Yield (APY)

Question 48

Question 48

Multiple Choice

Find the annual percentage yield (APY) .
-A bank offers an APR of 2.2% compounded daily.


A) 4.40%
B) 2.22%
C) 102.22%
D) 2.29%

Correct Answer:

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