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The APR of Estelle's savings account is 4.5% but interest is compounded only once a year. what is the APY of Israel's savings account?

The APR of Estelle's savings account is 4.5% but interest is compounded only once a year. what is the APY of Israel's savings account?
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The APR of Estelle's savings account is 4.5% but interest is compounded only once a year. what is the APY of Israel's savings account?

User Carl Winder
by
8.7k points

2 Answers

4 votes

It would be 4.5 since it's compounded yearly



User Tenshi
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7.3k points
3 votes
4.5% is the answer to yo problem ..
User DDRamone
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8.2k points
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