juciy39631 juciy39631

26-03-2024
Business

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Garrett deposits $4000. Determine the APY if there is an APR of 2.5% compounded quarterly. Express your answer as a percentage rounded to the nearest hundredth of a percent, if necessary.
a) 2.50%
b) 2.52%
c) 2.53%
d) 2.54%

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