Find the Annual Percentage Yield (APY)

question 122

Multiple Choice

Find the annual percentage yield (APY) .
-A bank offers an APR of 3.25% compounded semiannually.

• A)1.63%
• B)3.25%
• C)6.55%
• D)3.28%

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Definitions:

Garbage

Waste material or unwanted items that are discarded by individuals or communities.

Allowance

An allocated amount of money given regularly for a specific purpose, such as to a child by their parents or to an employee for expenses.

Allowance

An amount of money given regularly for a specific purpose or to cover expenses, often by parents to their children.

Lollipops

A type of confectionery consisting mainly of hardened, flavored sucrose with corn syrup mounted on a stick.