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04-05-2024
Mathematics

Answered

You are shopping around for different bank accounts and have found several different banking institutions offering different types of interest. Calculate the effective rate of return (also known as the annual percentage yield (APY)) of each bank account. Hint: rE=(1+r.n)ⁿ−1 (Enter your answers as a percentage rounded to 2 decimal places.)
Wesbanco offers an account 5.72% interest compounded daily. APY = ____%

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