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Find the APY Corresponding to the Given Nominal Rates $6 \%$

Question 88

Multiple Choice

Find the APY corresponding to the given nominal rates.
- $6 \%$ compounded daily (assume 365 days per year)

A) $6.12 \%$
B) $6.2 \%$
C) $7.03 \%$
D) $6.18 \%$

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