A bank features a savings account that has an annual percentage rate 2.5% with interest compounded daily (ignore leap years). Taylor deposits $10,500.00 into the account. what is the annual percentage yield (APY) for the savings account? (round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer). The APY is _____?
Unitary Method
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A bank features a savings account that has an annual percentage rate 2.5% with interest compounded daily (ignore leap years). Taylor deposits $10,500.00 into the account.
what is the annual percentage yield (APY) for the savings account?
(round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer).
The APY is _____?
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