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

User Wonderflow
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2 Answers

3 votes

Answer:

8.08% -_- APEX

Step-by-step explanation:

User Leonardo Buscemi
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3 votes
8.08% is the correct answer on apex

User Siarhei Kuchuk
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7.6k points
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