keyshannacollins keyshannacollins

11-06-2020
Business

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If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account

Respuesta :

nanaekuaankoma nanaekuaankoma

14-06-2020

Answer:

0.0273 = 2.7%

Explanation:

APY = (1 + r/m)^m - 1

= (1 + 0.027/4)^4 - 1

= 0.0273 = 2.73%

Answer Link

19-05-2021

Answer:

2.7275%

Explanation:

Source(s): Dude trust me

Answer Link

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