Question
Suppose you saw a sign at your local bank that said, "4.3% rate compounded monthly- 4.7% Annual Percentage Yield (APY)." Is there
anything wrong with the sign? Explain.
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Suppose you saw a sign at your local bank that said, "4.3% rate compounded monthly- 4.7% Annual Percentage Yield (APY)." Is there anything wrong with the sign? Explain.

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