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Besm:
Calvin deposited $12,600 into a savings account, and he didn't make any deposits or withdrawls for a year. If after interest was paid for the year, Calvin's new balance was $13,246.38, what was the APY of the savings account?
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callielovesyhuu:
R=((A/p)^(1/t)-1)×100 R=((13,246.38÷12,600)−1)×100 r=5.13%
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