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Number 7 Consider an account with an APR of 5%. Calculate the APY with quarterly compounding, monthly compounding, and daily
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Date Page No. dile TO वप in pant gtna A&-pair ARmentdyAftaunky Sinu in Anaual cempaunding thenuman APY ५ APR APY- স No.ompounThe basic Difference between APY and APR is that APY takes into effect the no. of compounding to take place in that year whereas APR does not take effect of number of compounding that would take place within that year.

Basic betwen APR and APy is that n tase hat not taken into d र the nuuma जন্দ্াল च tat whicl Calculation APR- S% CGiven অলo)

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