If the apr of a savings account is 5.3% and interest is compounded quarterly,
what is the approximate apy of the account?
o
a 5.41%
ob. 6,56%
o c. 1.05%
od 5%

5.41%

Step-by-step explanation:

Let us assume that x amount is invested in a savings account with APR 5.3% and the interest is compounded quarterly.

Then the quarterly percentage rate is %.

Therefore, the amount x will become after one year  

Therefore, the annual percentage yeild will be % = 5.41%. ( Answer )

57 732

step-by-step explanation:

i dont really.know

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