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:

5-Membered Ring

A cyclic structure in organic chemistry consisting of five atoms, which can be of the same or different elements.

Amino Acid

An organic molecule that serves as the building block of proteins, containing both an amino group and a carboxyl group.

α-Carbon

Refers to the first carbon atom that attaches to a functional group in an organic molecule, playing a crucial role in the structure and reactivity of molecules.

Biological pH

The measure of acidity or alkalinity within living organisms or biological systems, crucial for maintaining homeostasis and enzymatic activities.