Mathematics, 30.04.2021 07:10 4Tris
I WILL GIVE BRAINLIEST PLEASE HELP FULLY (pt 5)
4. Bianca has a choice between three savings accounts. Savings account A has an APR of 3.9998%, compounded semiannually; savings account B has an APR of 3.9742%, compounded monthly; and savings account C has an APR of 3.9886%, compounded quarterly. Bianca wants to choose the savings account with the highest APY. (5 points: Part I β 1 point; Part II β 1 point; Part III β 1 point; Part IV β 1 point; Part V β 1 point)
Part I: If r is a savings account's APR and n is the number of compounding periods per year, what expression gives the savings account's APY?
Part II: What is the APY of savings account A to 4 decimal places?
Part III: What is the APY of savings account B to 4 decimal places?
Part IV: What is the APY of savings account C to 4 decimal places?
Part V: Which savings account offers the highest APY?
Answers: 2
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I WILL GIVE BRAINLIEST PLEASE HELP FULLY (pt 5)
4. Bianca has a choice between three savings accou...
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