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Mathematics, 07.09.2020 09:01 monyeemonyee12

A bank advertises an interest rate of 4% per year, compounded monthly. What is the APY?
The units are percent, but do not enter the % sign. Round 2 decimal places.
Note: if your answer is 5.24%, then enter only 5.24

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A bank advertises an interest rate of 4% per year, compounded monthly. What is the APY?
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