Question: Find the APY corresponding to the following nominal rate. 8% compounded quarterly The APY is % (Type an integer or a decimal. Round to the

Find the APY corresponding to the following nominal rate. 8% compounded

Find the APY corresponding to the following nominal rate. 8% compounded quarterly The APY is % (Type an integer or a decimal. Round to the nearest hundredth as needed. Do not round until the final answer.)

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