Question 5 of 10
Ms. Santoro is opening a one-year CD for $16,000. The interest is compounded...
Mathematics, 19.04.2020 20:50 CameronVand21
Question 5 of 10
Ms. Santoro is opening a one-year CD for $16,000. The interest is compounded daily. She is tol
by the bank representative that the annual percentage rate (APR) is 4.8%. What is the annual
percent yield (APY) for this account? Round your answer to the nearest hundredth percent.
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