On subtracting 8 from -4, we get
2 answers:
You might be interested in
Step-by-step explanation:
hope this helps you dear friend.
Answer:
I. APY = (1 +r/n)^n -1
II. 4.0474%
III. 4.0487%
IV. 4.0398%
V. Account B
Step-by-step explanation:
I. The expression is ...
APY = (1 +r/n)^n -1
__
II–IV. See the attached. (When calculations are tedious and repetitive, a spreadsheet is helpful.)
__
V. The account compounded quarterly has the highest APY, account B.
