mccoyquityria
mccoyquityria mccoyquityria
  • 14-04-2017
  • Mathematics
contestada

the apr of vinny's savings account is 3.5% , but interest is compounded only once a year. what is the apy of vinny's saving account?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 14-04-2017
1+r=1+0.35
Solve for r you will get the same rate
The answer is 3.5%
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jennywilliamsart
jennywilliamsart jennywilliamsart
  • 14-10-2019

Answer:

just 3.5%     I just did it on apex.

Step-by-step explanation:

Answer Link

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