contestada

Of the APR of a savings account is 7.8% and interest in compounded monthly, what is the approximate APY of the account?

Respuesta :

Aliwohaish12
APY=(1+r/k)^(k)-1

APY=(1+0.078÷12)^(12)−1
=0.0808×100
=8.08%

Answer:

8.08%

Step-by-step explanation:

a.p.e.x

Otras preguntas