Register
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?
52.3k views
5 votes
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
by
7.3k points
3 votes
4.5% is the answer to yo problem ..
User DDRamone
by
8.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!