Bianca has a choice between three savings accounts. savings account a has an apr of 3.9998%,
co...
Mathematics, 29.09.2019 08:30 bellojamilet410
Bianca has a choice between three savings accounts. savings account a has an apr of 3.9998%,
compounded semiannually; savings account b has an apr of 3.9742%, compounded monthly; and
savings account c has an apr of 3.9886%, compounded quarterly. bianca wants to choose the savings
account with the highest apy.
part i: if r is a savings account's apr and n is the number of compounding periods per year, what
expression gives the savings account's apy?
Answers: 2
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