What Is the APY for 4% Compounded Continuously

question 14

Multiple Choice

What is the APY for 4% compounded continuously?

• A) 4.00%
• B) 4.08%
• C) 4.12%
• D) 8%

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Definitions:

Damaged

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Lawnmower

A machine equipped with blades for cutting grass on lawns.

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A gift made voluntarily and without consideration during the giver's lifetime, distinct from a testamentary gift made through a will.

Contemplation of Death

A legal principle referring to actions or decisions made by an individual who expects to die soon, especially in creating or amending a will.