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OpenStudy (anonymous):
help any one?
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OpenStudy (y2o2):
yes
OpenStudy (anonymous):
the apr of a savings account is 4.8% the interest is compounded monthly what is the apy?
OpenStudy (dumbcow):
apy = (1+apr/n)^n - 1 = (1.004)^12 - 1 = .04907 = 4.907%
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