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17 June, 14:29

If the APR of a savings account is 5.3% and interest is compounded quarterly, what is the approximate APY of the account?

A. 5%

B. 6.56%

C. 5.41%

D. 1.05%

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Answers (1)
  1. 17 June, 16:32
    0
    The answer for this question is A
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