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Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 3.5% compounded daily. The annual

Do not round until the final answer, then round to two decimal place as needed
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Answer #1

APY Formula = x=. stated interest rate (amnicelly /monthly Raily) - 3.57.- daily - Soo = 0.035 n= number of timed compoundedCalculated using Scientific Calculator.

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