Friday
April 18, 2014

Homework Help: math

Posted by netta on Saturday, January 28, 2012 at 8:17pm.

Imagine a local bank representative is assisting you with establishing an account. The account you two are discussing has an APR of 6.5%. Determine the APY with quarterly compounding and with monthly compounding. How does changing the compounding period affect the annual yield?

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