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Alekssandra [29.7K]
3 years ago
6

What is the APY for money invested at each​ rate? ​(A) 13​% compounded quarterly ​(B) 12​% compounded continuously ​(A) APY_____

​(Round to three decimal places as​ needed.)
Mathematics
1 answer:
Liono4ka [1.6K]3 years ago
7 0
13% compounded quarterly=(1+.13/4)^4-1=.13647=13.647%
12% compounded continuously=e^.12 -1=.1275=12.75%
☺☺☺☺
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