5% APR compounded monthly. The annual growth factor is 1.0515806944291164. find the APY 3.2% APR compounded daily. the annual growth factor is 1.032929088998272. find the APY

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.2: Future Values
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5% APR compounded monthly.

The annual growth factor is 1.0515806944291164.

  • find the APY

3.2% APR compounded daily.

the annual growth factor is 1.032929088998272.

  • find the APY 
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