Next A bank features a savings account that has an annual percentage rate of 3.2 % with interest compounded quarterly. Kayla deposits $11,500 into the account. What is the annual percentage yield (APY) for the savings account? APY = 6. Round to the nearest hundredth of a percent. %3D 2 Calculator Check Answer

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A: Principal Amount = $6,500 Rate of Interest = 8.5% time = 150 days

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A: Answer

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