What Is the APY for 6% Compounded Weekly

question 24

Multiple Choice

What is the APY for 6% compounded weekly?

• A) 6.00%
• B) 6.09%
• C) 6.18%
• D) 7.25%

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Definitions:

Peculiar Ideas

Thoughts or beliefs that are unusual or atypical, sometimes reflecting creativity or innovation, but in other contexts may suggest delusional thinking or disorders.

Obsessive-compulsive

Pertaining to a disorder characterized by intrusive thoughts (obsessions) and repetitive behaviors (compulsions) as a response to these thoughts.

Antisocial

Exhibiting behaviors that violate social norms and can negatively affect others, often associated with a lack of consideration or concern for the well-being of others.

Borderline

Often referring to Borderline Personality Disorder, a mental health condition characterized by mood swings, unstable relationships, self-image issues, and impulsive behavior.