msteresalyn1 msteresalyn1

28-06-2017
Mathematics

contestada

What is the APY for money invested at each rate? (A) 13% compounded quarterly (B) 12% compounded continuously (A) APY_____ (Round to three decimal places as needed.)

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jorel1380 jorel1380

28-06-2017

13% compounded quarterly=(1+.13/4)^4-1=.13647=13.647%
12% compounded continuously=e^.12 -1=.1275=12.75%
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