Abank offers a saving account with 4.5% compounded quarterley. find the apy the bank's savings account offers (round your answer to the three decimal places).

4.577%

Step-by-step explanation:

Here we have to use formula APY =

r= stated annual interest rate

n = number of times compounded

Here r = 4.5% = 0.045

n = 4 because it is calculated quarterly.

Now plug in r =0.045 and b = 4 in the above formula, we get

APY = (1 + 0.045÷4)^4 - 1

= (1 + 0.01125)^4 - 1

= 1.01125^4 - 1

= 1.045765 - 1

= 0.045765

To find the percentage multiply by 100, we get

= 4.577%

Thank you.

step-by-step explanation:

if you want to separate 54 into 6 individual tiers then you need to divide if you want to separate 54 into 6 individual tiers then you need to divide 6 and 54.

if you divide 9 by 6 you will get 54.

- hope i .

the area of ​​the surface of the rectangular prism here is 250 cm2, which is the surface of the shading

step-by-step explanation: