jaylineason jaylineason
  • 29-03-2018
  • Mathematics
contestada

Find the APY corresponding to give a normal rate 4.5% compounded quarterly

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philipscaster83
philipscaster83 philipscaster83
  • 29-03-2018
APY=(1+0.045÷4)^(4)−1
=0.0458×100=4.58%
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