An online financial service listed the following 1-year CD accounts: (A) Banking for CDs: 4.5% compounded quarterly
Question:
(A) Banking for CDs: 4.5% compounded quarterly
(B) Wingspan Bank: 4.6% compounded monthly
(C) Discover Bank: 4.6% compounded continuously
What is the annual percentage yield (to three decimal places) of each?
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Related Book For 
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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