consider account APR of 4.6% find  APY and daily compounding. Comment on how changing the compounding period affects the annual yield. Question content area bottom Part 1 When interest is compounded​ quarterly, the APY is     enter your response here​%.  ​(Do not round until the final answer. Then round to two decimal places as​ needed.)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
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consider account APR of 4.6% find  APY and daily compounding. Comment on how changing the compounding period affects the annual yield. Question content area bottom Part 1 When interest is compounded​ quarterly, the APY is     enter your response here​%.  ​(Do not round until the final answer. Then round to two decimal places as​ needed.)

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