Question: Garrett deposits $ 8 0 0 0 . Determine the APY if there is an APR of 3 % compounded daily. Express your answer as

Garrett deposits $8000. Determine the APY if there is an APR of 3% compounded daily. Express your answer as a percentage rounded to the
nearest hundredth of a percent, if necessary.
Answer 2 Points
Garrett deposits $8000. Determine the APY if there is an APR

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